First Time Home Buyer Tax Credit

Posted by Greg Smith on Monday, January 18th, 2010 at 10:50am.

First Time Home Buyer Tax Credit

First Time Home Buyer Tax Credit now extended for home buyers. Buyers must have a binding sales contract signed before April 30, 2010 and purchases completed by june 30, 1010 to qualify. This applies to buyers who have not owned a principal residence during the 3 years prior to purchase. Repeat or move-up buyers can receive  up to $6,500 incentive to buy if they've lived in the same principal residence for 5 consecutive years during the 8 year period that ends when the home is purchased.

 Contact me to get more info on the First Time Home Buyer Tax Credit.

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Greg Smith

4 Responses to "First Time Home Buyer Tax Credit"

Kevin Thompson wrote: Something many first time home buyers don't consider when they buy their home is long term financial planning. In addition to enjoying a tax credit new homeowners should also look at protecting the asset in case something happens down the road.

Good information!

Kevin Thompson CPA
http://www.kevinthompsoncpa.com/

Posted on Monday, January 18th, 2010 at 1:57pm.

wrote: [...]First Time Home Buyer Tax Credit[...]

Posted on Monday, January 18th, 2010 at 8:40pm.

Colorado Sales Statistics wrote: [...][...]

Posted on Wednesday, February 3rd, 2010 at 7:54am.

Carie Grant wrote: This is such a great opportunity for buyers! Thanks for reminding people it's still available! The tax form necessary to actually claim that credit is at this IRS link: http://www.irs.gov/pub/irs-pdf/f5405.pdf

Posted on Thursday, February 11th, 2010 at 12:45pm.

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