Some tips given on my blog can usually save you a few cents here and there, but today there is one tip where you can get a tax credit of up to $8000! It all depends whether you are looking for a new home. Many people now the recession is apparently in decline will be looking for new homes. There should be a rebirth of property buyers with the confidence to get on and start climbing the property ladder. You may well now be asking, who qualifies and how do you go about taking steps to claim this tax give away?
This offer is open to first time home buyers or people who haven't owned a home of their own in the last three years. There is also and option where you can get up to $6500 if you haven't been resident in a home consecutively for 5 out of the past 8 years so it is not only open to first time buyers.
You will have to be quick, as to qualify you need to have a binding contract by April 30, 2010 - (The actual closing date is June 30, 2010.)
Moving along to the income front, there are income limits of $125,000 for single people and $225,000 for couples that are married. In addition to this there is a $20,000 phase out of the credit for both.
The reason for this most attractive 2010 Homebuyer Tax Credits give away is that it is an incentive set up as it was needed for move-up property buyers which had dipped over recent years. This would help many to make this move bring the percentage back up to levels that have always been lower than the peak in 1991 at 44%.
So if you think you qualify, get your skates on and start the ball rolling, there may never be a better time to buy a property with the market prices low and the tax give away offer now in place.
So if you think you qualify, get your skates on and start the ball rolling, there may never be a better time to buy a property with the market prices low and the tax give away offer now in place.
If I could turn the clock back knowing this offer, I would have put off the purchase of my home a few years with this offer.
If you need more confirmation about this great help in home-buying just have a look at the video on this link:
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