Important First Time Homebuyer Credit Information!

If you are thinking about purchasing a new home for the first time, you may still be able to take advantage of the First Time Homebuyers Credit! Here are a few key points the IRS wants you to know about the expanded credit and the qualifications you must meet in order to qualify.

• You must buy or enter into a binding contract to buy on or before April 30, 2010

• If you enter into a binding contract by April 30, 2010 your must close the home on or before June 30, 2010

• For qualifying purchases in 2010, you will have the option of claiming the credit on either your 2009 or 2010 return

• Homebuyers who claim the credit on their 2009 tax return will not be able to file electronically.

There are more qualifications and for a complete list please visit www.irs.gov or call the IRS