Homebuyer Tax Credit Extended
Did you know the Homebuyer Tax credit has been extended? Qualifying first time home buyers have until April 30, 2010 to purcha
se a home and receive the $8,000 tax credit on their 2010 taxes.
In addition, the extension provides a tax credit of $6,500 for families who have already owned a home. In order to qualify, you must have lived in your current home for at least five years.
Finally, for military members who have been assigned overseas, these tax credits have been extended until May of 2011.
So, whether you are a first time home buyer or already a home owner now may be the right time for you to buy. Talk to a realtor and lender to learn more!
Posted by: Becky House on December 21st, 2009 under Buying a home, Personal finance.
Tags: first-time-homebuyer, military, tax credit
Comments
Comment from Angelique Knapp
Time May 3, 2010 at 3:22 pm
The First-time homebuyer tax credit ended on April 30, 2010.
Comment from Donna simon
Time May 1, 2010 at 3:55 pm
We baought a small trailer as a home. We live n it full time. We have been in the same park for 8 years and just bought this trailer in another space in Aug 2009 at which time we moved in. Do we qualify for home buyer tax credit.