New Tax Credit - Buying a Home in Minden, Gardnerville, Carson Valley, Dayton Valley, Smith Valley, Carson City or Genoa.
 Karen Forester is a licensed Nevada real estate professional and expert on Minden Home Sales, Gardnerville Home Sales, Smith Valley Home Sales, Dayton Valley Home Sales, Carson City Home Sales, Genoa Home sales and Carson Valley Real Estate. For more information on real estate, home sales, home buying, land, foreclosures or anything else, please contact Karen Forester at 775-690-3416 today!
$8,000 Tax Credit Now Available!
What an incredible opportunity for “first time homebuyers”! Congress has enacted a new tax credit for “first time homebuyers” who purchase their principal residence on or after January 1, 2009 and before December 01, 2009. This doesn’t need to be repaid!
What is considered a first-time home buyer?
The credit is for a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.
For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
$8,000 Home Buyer Tax Credit Details
- Its is for first-time home buyers only. (read above)
- Does not have to be repaid.
- Is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
- The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
- Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
Please call me, Karen Forester, today at 775-690-3416 or email. |
