If you’ve been thinking about buying or building a home, now’s the time. The Homebuyer Tax Credit will expire on April 30, 2010, and won’t be extended again. If you’re narrowing down your choices, make sure you do so and get a contract in place before April 30, and settle before June 30, 2010.
Highlights of the Homebuyer Tax Credit:
- The money is a direct stimulus to you
- The $8,000 credit may be available to first-time buyers, and to buyers who have not owned a primary residence in the past three years.
- The $6,500 credit may be available to move-up buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement.
- Purchase price of your home cannot exceed $800,000.
Who qualifies?
- Single taxpayers earning up to $125,000 per year and married couples earning up to $225,000 per year may qualify for the full tax credit.
- Single taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 may be eligible to receive a partial credit.
How can we help you?
Any time you’re dealing with taxes, the situation can get complicated pretty quickly. We suggest you speak with a tax advisor, or speak with us directly to see how much of a credit you may qualify for.
Also, due to the rapidly approaching deadline of April 30, we recommend you take a look at our existing inventory of homes. We call them our Showcase Homes. Browse the selections and you’ll see why.
An incentive like this, along with low prices and interest rates, truly make this an exceptional time to buy. It’s not easy topping an $8,000 tax credit, but we work hard with every buyer to create an exceptional buying, building and ownership experience. Stop by one of our models or visit our communities online to find out how you can get started.