Tax Credit thru 06/30/2010

Goes into affect the day the President signed the Bill, Nov. 7, 2009.
The Credit for 1st time buyers is still 10% of the Purchase Price, up to $8,000.
No repayment is required as long as you live in your home for at least three years.
Added a credit up to $6,500 for repeat buyers who have owned their home and lived in it for at least the last 5 years.
Increased income limits to $125,000 individually and $225,000 for joint filers.
Reduced credit is available for individual filers with $145,000 or joint filers with $245,000 in income.
Homes must cost less than $800,000.
Must sign a contract by 04/30/2010 and take title by 06/30/2010.

To verify without a doubt that you are eligible for this credit, or for your personal, specific and unique situation, please contact your certified tax preparer or the IRS. The phone number for the IRS is (800) 829-1040.

>> See "$8,000 Federal Tax Credit" page for more details. <<