Homebuyer Tax Credit Extended To "Upgraders"

Home Buyer Tax Credit Extended and Expanded!

The U.S. government recently extended and expanded the home buyer tax credit. The $8,000 first-time home buyer credit that was scheduled to expire December 1 will continue in effect until April 30, 2010.

In addition, beginning December 1, many current homeowners will qualify for a $6,500 tax credit if they've lived in their current home for at least five years and are seeking to relocate. Plus, the income limits for single buyers and married couples were also raised.

There has never been a better time for you or someone you know to take advantage of this tax credit because hundreds of homes are now priced below market value.

If you have a family member or friend who could benefit from learning more about this tax credit program, please have them call me for a free one-hour consultation so we can discuss how these changes will help them.

"One of the big items needed to claim the credit is a copy of a properly executed settlement statement which must be attached to the tax return where the homeowner is claiming the credit. This goes for both First Time Homebuyers as well as those claiming the "Upgrade" credit of $6500. The new law gives the IRS a wide purview to summarily deny claims for the credit without having to audit the taxpayer or notify them. I heavily advise those thinking about claiming the credit to see professional tax advisory services from a reputable accountant with experience in this arena", says Mike Fine of Finesse Tax Accounting.

Marcus Bruno
HomeSource Real Estate
240 460-6318
301 464-0044

P.S. Because this program is a tax credit - it does not have to be repaid. Who's the next person you know who should learn about this program