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Tax Credit Extension Extended until April 20, 2010
PRESIDENT OBAMA SIGNS THE HOMEBUYER TAX CREDIT EXTENSION WHICH EXTENDS THE TAX CREDIT UNTIL APRIL 30, 2010.
Click on the house of money to learn more about the extension of the existing $8,000 tax credit for first time homebuyers and the expansion of the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are looking to relocate.
Remember, the elibibility period is for homes purchased after November 6th, 2009 and before May 1, 2010. However, home purchases subject to a binding sales contract dated by April 30, 2010, will qualify for the tax credit provided that closing occurs prior to July 1, 2010.
THIS IS A REFUNDABLE CREDIT, NOT A DEDUCTION IN TAXABLE INCOME. IF AT THE END OF THE TAX YEAR YOU OWE $1,000 TO THE IRS, YOU WILL RECEIVE $7,000. IF AT THE END OF THE TAX YEAR YOU ARE DUE A REFUND OF $2,000, YOU WILL RECEIVE $10,000! GET THE PICTURE? CALL ME TODAY TO LEARN MORE AND ALLOW US TO FIND YOU THE PERFECT HOME.
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