$8000 Wisconsin First Time Home Buyer Credit Expires December 1, 2009

In order to take advantage of the first time home buyer credit, you must close no later than November 30, 2009.

The $8000 tax credit for first time home buyers provided by the stimulus package offers anyone who has not owned a home in the past 3 years an $8000 tax credit maximum, or 10% of the home price. Best of all, it does not have to be repaid if homebuyers live in the hoe 3 years. Take advantage of the $787 billion American Recovery and Reinvestment Act today!

• There is a $75,000 adjusted gross income limit for tax filers filing as single and $150,000 limit for joint return filers.
• The $8000 tax credit is available only for primary residence purchases.
• The tax credit does not require a repayment in most cases.
• The tax credit does have a repayment provision if the homeowner does not occupy the property for a minimum of 3 years from the closing date.
• The home buyer must purchase a home between January 1, 2009 and December 1, 2009.
• The $8000 tax credit is received when you file your tax return.

Visit our home buyer credit announcement on our website for additional details:
http://www.madisonmortgageguys.com/announcements/8000_tax_credit/updates/index.htm

Dennis Hardy
Toll Free: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

On my blog:
http://www.madisonmortgageguys.com/blog/content/8000-wisconsin-first-time-home-buyer-credit-expires-december-1-2009/