Posted by: judytrealestate | November 5, 2009

1st Time Home Buyer Tax Credit Extended!

The 1st time home buyer tax credit due to expire November 30th has been officially extended and expanded.

1) 1st time home buyers – or anyone who hasn’t owned a home in the last three years – would still get up to $8,000. To qualify, buyers have to sign a purchase agreement by April 30, 2010, and close by June 30.

2) Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. (Nice push for trade up/down)

3) The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000. (Significant increases above current regulations)

Give me a call if you have any questions or if you would like to start your search for a home.

Judy Tuscano, REALTOR
Your NH Real Estate Professional
Prudential Verani Realty
603-498-2263 cell phone
603-679-5654×3919 office

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