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Richard Ives

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Home Buyer: Tax Credit

09-21-09
Richard Ives

The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17, 2009.

  1. It's a refundable tax credit that's lesser of 10% of cost of the home or $8,000. So as long as you buy a home over $80,000, you can qualify for the full $8,000 refundable tax credit.
  2. The income restrictions still apply. The full amount of the credit is available for individuals that make no more that $75,000 ($150,000 on a joint return). The credit phases out above those caps ($95,000 for singles and $170, 000 for joint returns). This means if you make in between these amounts ($75,000 - $95,000 for individuals and $150,000 - $170,000 for joint filers), you can still qualify for a partial credit.
  3. You do not pay this $8,000 back unless you sell the home within three years from your purchase date.
  4. This credit applies to first time homebuyers only. The government's definition of a first time homebuyer is someone who has not owned a principal residence in three years prior to purchase.
  5. The time frame is retroactive to January 1st, 2009 and goes through to December 1st, 2009. You must close on a home before December 1st, 2009 to receive the credit.
  6. If you close on your home after you file your taxes, you can file an amendment to your 2008 tax return so that you can receive the check AFTER you file that amendment. Contact your tax professional to assist you with filing your amendment or for specific questions in regards to any of the above information. Further information can be obtained by contacting the IRS or the tax professional of your choice directly.

*For further information consult your tax professional or contact the IRS directly.

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(c) 2009 RICHARD IVES REALTORS, INC

Richard Ives Realtors, Inc.

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$242,900 Wow!

09-20-09
Richard Ives

Huge Kitchen - 3 Car Garage - Vaulted Ceilings - Hardwoods- Ceramic Tile - Built ins and more!

For Sale

$242,900

Hurry, Hurry, Hurry

This great home will not last long!

Rapid City South Dakota

RICHARD IVES REALTORS, INC.

605-391-1503

Large two-story home located just above the heart of Rapid City in a quiet cul-de-sac. Built in 2001, with a one of a kind view from the large covered front porch. A peaceful backyard setting in the pines with a perfect spot for your hot tub, barbecue grill or both. The master suite with a large on-suite bath and a HUGE walk-in closet. This home has a nearly 3000 finished square feet, a home office, a three car garage, and a covered back deck perfect for entertaing on those summer nights. There is no need to bring your paint brush as the exterior of this home is mantenance free. LOTS OF STORAGE! Huge Storage area above the 3 car oversized garage so bring all of your toys. LARGE LOT! Almost a half acre, WOW! CITY VIEWS! Stunning City Light Views, easy access to everything. This home has it all.

Located just minutes from medical faciliteis and Rapid City's Regional Hospital, numerous restaurants, grocery stores, shopping and much more. A swimming pool, club house, lighted walking path, are all part of the association features you will enjoy while living in this great home.

Do not delay make this great home yours today. (C) 2009 Richard Ives Realtors

Richard Ives Realtors, Inc.

Richard Ives Realtors, Inc.

Richard Ives Realtors, Inc.

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Huge Kitchen a cook's dream

09-19-09
Richard Ives

*Buying this home you may qualify for the above aforementioned tax credit. For more information visit the following link or contact your tax professional or the IRS directly for specific rules and terms. http://activerain.com/blogsview/965858/Tax-Credit-For-Home-Buyers

For Sale

$244,900

Hurry, Hurry, Hurry

This great home will not last long!

Rapid City South Dakota

RICHARD IVES REALTORS, INC.

605-391-1503

Large two-story home located just above the heart of Rapid City in a quiet cul-de-sac. Built in 2001, with a one of a kind view from the large covered front porch. A peaceful backyard setting in the pines with a perfect spot for your hot tub, barbecue grill or both. The master suite with a large on-suite bath and a HUGE walk-in closet. This home has a nearly 3000 finished square feet, a home office, a three car garage, and a covered back deck perfect for entertaing on those summer nights. There is no need to bring your paint brush as the exterior of this home is mantenance free. LOTS OF STORAGE! Huge Storage area above the 3 car oversized garage so bring all of your toys. LARGE LOT! Almost a half acre, WOW! CITY VIEWS! Stunning City Light Views, easy access to everything. This home has it all.

Located just minutes from medical faciliteis and Rapid City's Regional Hospital, numerous restaurants, grocery stores, shopping and much more. A swimming pool, club house, lighted walking path, are all part of the association features you will enjoy while living in this great home.

Do not delay make this great home yours today. (C) 2009 Richard Ives Realtors

Richard Ives Realtors, Inc.

Richard Ives Realtors, Inc.

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Great Views

09-19-09
Richard Ives

*Buying this home you may qualify for the above aforementioned tax credit. For more information visit the following link or contact your tax professional or the IRS directly for specific rules and terms. http://activerain.com/blogsview/965858/Tax-Credit-For-Home-Buyers

For Sale

$244,900

Hurry, Hurry, Hurry

This great home will not last long!

Rapid City South Dakota

RICHARD IVES REALTORS, INC.

605-391-1503

Large two-story home located just above the heart of Rapid City in a quiet cul-de-sac. Built in 2001, with a one of a kind view from the large covered front porch. A peaceful backyard setting in the pines with a perfect spot for your hot tub, barbecue grill or both. The master suite with a large on-suite bath and a HUGE walk-in closet. This home has a nearly 3000 finished square feet, a home office, a three car garage, and a covered back deck perfect for entertaing on those summer nights. There is no need to bring your paint brush as the exterior of this home is mantenance free. LOTS OF STORAGE! Huge Storage area above the 3 car oversized garage so bring all of your toys. LARGE LOT! Almost a half acre, WOW! CITY VIEWS! Stunning City Light Views, easy access to everything. This home has it all.

Located just minutes from medical faciliteis and Rapid City's Regional Hospital, numerous restaurants, grocery stores, shopping and much more. A swimming pool, club house, lighted walking path, are all part of the association features you will enjoy while living in this great home.

Do not delay make this great home yours today. (C) 2009 Richard Ives Realtors

Richard Ives Realtors, Inc.

Richard Ives Realtors, Inc.

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This Home Has it all! 3 car garage,huge eat in kitchen,formal dining room,covered front porch and covered back deck,vaulted ceilings,hardwoods,ceramic tile countertops and much much more

09-18-09
Richard Ives

*Buying this home you may qualify for the above aforementioned tax credit. For more information visit the following link or contact your tax professional or the IRS directly for specific rules and terms. http://activerain.com/blogsview/965858/Tax-Credit-For-Home-Buyers

For Sale

$244,900

Hurry, Hurry, Hurry

This great home will not last long!

Rapid City South Dakota

RICHARD IVES REALTORS, INC.

605-391-1503

Large two-story home located just above the heart of Rapid City in a quiet cul-de-sac. Built in 2001, with a one of a kind view from the large covered front porch. A peaceful backyard setting in the pines with a perfect spot for your hot tub, barbecue grill or both. The master suite with a large on-suite bath and a HUGE walk-in closet. This home has a nearly 3000 finished square feet, a home office, a three car garage, and a covered back deck perfect for entertaing on those summer nights. There is no need to bring your paint brush as the exterior of this home is mantenance free. LOTS OF STORAGE! Huge Storage area above the 3 car oversized garage so bring all of your toys. LARGE LOT! Almost a half acre, WOW! CITY VIEWS! Stunning City Light Views, easy access to everything. This home has it all.

Located just minutes from medical faciliteis and Rapid City's Regional Hospital, numerous restaurants, grocery stores, shopping and much more. A swimming pool, club house, lighted walking path, are all part of the association features you will enjoy while living in this great home.

Do not delay make this great home yours today. (C) 2009 Richard Ives Realtors

Richard Ives Realtors, Inc.

0 Comments