Anthony Boydston | Arizona East Valley Real Estate » home buyer tax credit http://www.anthonyboydston.com Your Arizona Real Estate Consultant Thu, 29 Jul 2010 03:52:05 +0000 http://wordpress.org/?v=5425 en hourly 1 Home Buyer Tax Credit could be extended http://www.anthonyboydston.com/general-real-estate/home-buyer-tax-credit-could-be-extended/ http://www.anthonyboydston.com/general-real-estate/home-buyer-tax-credit-could-be-extended/#comments Thu, 29 Oct 2009 22:56:30 +0000 admin http://www.anthonyboydston.com/?p=321 Congress is working on a plan to extend and expand the home buyer tax credit which will cost taxpayers $10.8 billion dollars. More details include:

  • $8,000 tax credit is available for first-time buyers or those who have not owned a home for 3 years.
  • Homeowners who buy a new principal residence after living in their current home for at least the last five years can claim up to $6,500.
  • Credit is available for homes that go under contract by April 30, 2010 and close within 60 days after that
  • Income limits are $125,000 a year for individuals and $225,000 a year for married couples.
  • The plan will include anti-fraud measures such as minimum age requirements and additional authorities for the IRS

If you are a first-time homeowner, don’t wait for Congress to act.  Take advantage of the current home buyer tax credit today!  Call me at 602-904-1496 for your real estate needs.

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