By Century 21 Properties Plus - Creaturo & Associates
Just one more reason now is the time to buy...
If you are buying your first home or you haven't owned a home in over 3 years you may qualify for a tax credit. depending on the price of the home you purchase and your gross income, you can get up to 7,500 tax credit. To receive the maximum tax credit of $7,500, you must have a adjusted gross income below $75,000 for individuals (or $150,000 for joint filers). There is a reduced tax credit available for individuals with a adjusted gross income up to $95,000 (or $170,000 for joint filers). The tax credit is a reduction of taxes you owe. If your tax credit is more than what you owe in taxes, the balance will be refunded to you. The tax credit applies to homes purchased (closed) on or after April 9, 2008, and before July 1, 2009. For more details visit www.FederalHousingTaxCredit.com.
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1 comment:
Thanks for the heads up.
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