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      $8,000 HOME BUYER TAX CREDIT AT A GLANCE

  • The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
  • The tax credit does not have to be repaid.
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

   HOMEBUYER TAX CREDIT expanded for 2010

  The $8,000 tax credit for first time home buyers has been extended through April 30, 2010, and buyers

  will have until the end of June to close on their purchase. The income limit for couples was raised to $225,000.

  Under the new legislation buyers who already own a home and who have lived in their current residence worth

  $800,000 or less for five of the prior eight years are now eligible for a $6500 tax credit.
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  • "Denise's professionalism, creative thinking and her personal integrity all rate 110%! We highly recommend her real estate expertise to our family and friends, and our ourselves repeat customers as she has handled three separate and diverse real estate transactions for us. Denise takes every aspect of selling or buying real estate and adds her personal touch to the experience with her understanding of the current market. Denise surrounds herself with top notch resources which carry you from listing to welcoming you in your new home."
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