Take Advantage Of The New Tax Credit!

From the desk of Ruth Wilkey
RE: New tax credit!

Reality Check!!
Purchase a Home now and take advantage of the new tax credit of up to $8000 a benefit that makes your new home affordable.

A tax credit is now available for 1st time Home Buyers under the American Recovery and Reinvestment Act of 2009. If you buy a home between January 1,of 2009 thru November 30th Of 2009. You may be eligible to receive a tax credit for 10% of the purchase price of your home___up to $8000 program highlights include:

1. Any individual ( and if married, their spouse) who has no ownership interest in a home during the last 3 years is eligible.
2. Full credit for single taxpayers with incomes up to $75,000 ($150,00 on a joint return); partial credit for incomes up to $95,000 ($170,000 joint return).
3. Available only for the purchase of a single-family home that will be used as a principal residence.
4. Home Buyers can reduce ( or even eliminate ) their income tax liability for the year of purchase by claiming the credit on their tax return.
5. If the home is sold before three years, the first-time home buyer ( who is now the seller) must pay the IRS the entire amount of the tax credit at closing.

If you are a first time Home Buyer, now may be the ideal time to consider purchasing a home. Contact me today to learn more about the current state of the market , including detail on determining your purchasing power in today's Market.


Give me a call and put me to work for you today!

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