$8,000 First-Time Home-Buyer Tax Credit is Available !
WASHINGTON — The Internal Revenue Service just announced that first-time homebuyers are eligible for a tax return credit of up to $8,000. Purchase a home this year before Dec. 1 and claim the tax credit either on your 2008 tax returns due April 15th, or on your 2009 tax returns next year.
§ Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000.
§ Purchasers can claim the credit on either their 2008 or 2009 tax returns.
§ They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date.
§ They can claim 10 percent of the purchase price up to $8,000.
§ The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000 individually or $150,000 for joint filers.
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For more information contact:
Sara Hayes
Coldwell Banker Premier
Sara.Hayes@ColdwellBanker.com
314-647-0001 - office
314-517-3977 - cell
www.coldwellbankerpremier.com
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