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To be clear, this is an actual tax credit, not a deduction. This is money in your pocket, not a reduction of your adjusted gross income (AGI).

Do you qualify?

A

re you a prospective 1st time home buyer? Or, has it been longer than 3 years since you have owned a home? If your answer is, "YES," to either of these questions, you may qualify!

Let's take a closer lookTthe following bullet points summarize a few more stipulations:
  • The purchased property MUST be used as your primary residence
  • The transaction must be under contract by April 30, 2010, and closed on or before June 30, 2010
  • If you are single and your AGI is $75,000 or more, or you are married and that number is $150,000 or more, you do not qualify for the entire tax credit
  • The credit is not eligible if the seller and buyer are related
  • For more, you can visit the following offering FAQs by clicking here
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    As you can see, it is truly an amazing time to purchase a home! Record low interest rates, property values at or very near the bottom, and now an extra $8,000 cash to claim on your tax return! Yes, a home may be an amazing investment for you at this juncture, but so many people have come to view a home as simply a financial instrument. It is not, folks. A home is where memories are made, where lifelong values are taught, where you welcome loved ones, and where you begin and end your days. Doesn't it just all make sense?

Now let us, help youUse any of the convenient contact methods on this site to reach us for more information, click here, or even send us a text message on the right-hand side of the page, and we will phone you back shortly.  As always, we encourage you to seek legal and/or financial advice from professionals in these areas of practice, as we can not and do not provide tax and/or legal advice. 

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