The First Time Homebuyer Tax Credit has been extended and has been passed by Congress and is waiting for the President to sign it into law.
The $8,000 Tax Credit for First Time Home Buyers has been extended to April 30, 2010 for sales contracts which must close by June 30, 2010.
Additionally, the income limits have increased to $125,000 for individuals and $225,000 for married couples.
Also, it has been expanded to existing homeowners in the amount of a $6,500 Tax Credit for those who have been residing in their primary residence for five consecutive years out of the last eight.
Complete details will follow after it is signed into law by the President. Contact me for updates.
Jerry Morse, Real Estate Broker
The Morse Company
jerrymorserealestate@yahoo.com
www.janesvillewirealestatelistings.com
www.janesvillewirealestateforsale.com
 |
|
|
Where Clients Come First! Choose the Agent with a Real Estate Degree!!! Friendly Professional Service!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
