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TAX CREDIT EXTENSION & EXPANSION
NEW! $6,500 TAX CREDIT • $8,000 FIRST TIME BUYER TAX CREDIT E-X-T-E-N-D-E-D
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NEW!
$6,500 TAX CREDIT*
FOR OWNERS OF EXISTING HOMES
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Single family homes, detached homes, town homes, condominiums are eligible
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Purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction (settlement)
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Owners of existing homes must have lived in their homes consecutively for 5 of the previous 8 years
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Tax credit is equal to 10% of the home’s purchase price, up to a maxiumum of $6,500
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Tax credit does not need to be repaid unless home is sold within first 3 years after purchase.
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Single taxpayers with income up to $125,000 and married couples with incomes up to $225,000 and filing a joint return qualify for the full credit.
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View our quick
delivery homes
1.800.368.9990 |
$8,000 FIRST TIME BUYER
TAX CREDIT E-X-T-E-N-D-E-D*
Covers purchases BEFORE May 1, 2010 |
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Single family homes, detached homes, town homes, condominiums are eligible
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Purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction (settlement)
-
Tax credit is equal to 10% of the home’s purchase price, up to a maximum of $8,000.
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Tax credit does not need to be repaid unless home is sold within first 3 years after purchase.
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Single tax payers with income up to $125,000 and married couples with incomes up to $225,000 and filing a joint return qualify for the full credit.
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View our quick
delivery homes
1.800.368.9990 |
*This information is for general informative purposes only and does not constitute legal, tax, accounting, financial or other professional advice. Tax credit is subject to qualifications and limitations, homebuyers should contact a tax professional to discuss their particular circumstances and the applicability of the tax credit prior to making any purchase decision
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