Tax Credit Ends Very Soon

Homebuyers Have until April 30 to Get a Home Under Contract

Who Qualifies?

• A tax credit of up to $8,000 is available for first-time home buyers purchasing before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• A tax credit of up to $6,500 is available for repeat home buyers who have owned a home for five consecutive years out of the prior eight years. The repeat home buyer tax credit applies to houses sold before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• Income limits of $125,000 for individuals and $225,000 for married couples filing jointly apply to all sales.

(This post originally appeared on my community blog http://PostcardsFromTheLake.com )