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"LIMITED TIME OFFER”

RECEIVE UP TO $8,000.00 TOWARDS THE PURCHASE OF YOUR HOME  

AMERICAN RECOVERY & REINVESTMENT ACT 

Ĝ     Authorizes up to $8,000.00 Tax Credit for 1st time homebuyers (First Time Home Buyer is someone who has not owned a residence during the 3 year period prior to this purchase

Ĝ     Tax Credit is equal to 10% of the Purchase Price up to $8,000.00 (Single tax payers with income up to $75,000.00 and married with income up to $150,000.00 qualify for the full credit) 

Ĝ     Credit will be honored on homes purchased between January 1st, 2009 through April 30th, 2010 (Purchase date is the date when closing occurs and title to the property transfers)

Ĝ     Credit does not have to be repaid as long as you live in the home for 3 years beginning on the date of the purchase (This is a true tax credit unless property is not used as a primary residence) 

Ĝ     Any home that will be used as a principal residence will qualify for the credit

 

 

**** Additional terms and conditions may apply. Please see your accountant or tax professional for more details.