First Time Home Buyer - Tax Credit
The compromise on the House and Senate 2009 Stimulus Law provides for an
$8,000 tax credit for first time home buyers who purchase a primary residence
after December 31, 2008 and prior to December 1, 2009.
This 2009 legislation modified the 2008 law which created a $7,500 credit that
the taxpayer had to repay to the government over fifteen years.
The big difference with the 2009 stimulus law is that the $8,000 credit does not
have to be repaid to the government provided the home is owned for three years for
homes purchased between January 1, 2009 and before December 1, 2009.
This is a great benefit for First Time Home Buyers ! Don't miss out on this fantastic opportunity !
Visit my website for more details: http://TomSellsSevierville.com
Important Update: 11-5-2009
Recent Senate action for an extension and expansion of the Tax Credit for first time home buyers
worth up to $8,000 and offering a new credit of up to $6,500 for some existing homeowners is likely
to become law sometime this week and take effect shortly.
The expiration of the new credit is expected to be April 30, 2010. This will be your last likely chance
to take advantage of this opportunity.
$8,000 tax credit for first time home buyers who purchase a primary residence
after December 31, 2008 and prior to December 1, 2009.
This 2009 legislation modified the 2008 law which created a $7,500 credit that
the taxpayer had to repay to the government over fifteen years.
The big difference with the 2009 stimulus law is that the $8,000 credit does not
have to be repaid to the government provided the home is owned for three years for
homes purchased between January 1, 2009 and before December 1, 2009.
This is a great benefit for First Time Home Buyers ! Don't miss out on this fantastic opportunity !
Visit my website for more details: http://TomSellsSevierville.com
Important Update: 11-5-2009
Recent Senate action for an extension and expansion of the Tax Credit for first time home buyers
worth up to $8,000 and offering a new credit of up to $6,500 for some existing homeowners is likely
to become law sometime this week and take effect shortly.
The expiration of the new credit is expected to be April 30, 2010. This will be your last likely chance
to take advantage of this opportunity.
Thank you for the information on the 2009 first time home buyers tax credit. I'm leaving the military this Fall. Thanks for all the home listings.
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I didn't realize how much this first time home buyer tax credit is. I won't be renting much longer. Thanks for the home listings and all your help!
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