2 Months left to receive Federal Tax Credit

Posted on | February 22, 2010 | No Comments

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

If you are a first time home buyer, now is the time to get serious about buying a home.  There are some restrictions but for the most part this is a great opportunity. 

There are also a $6500 tax credit for those buying a home but not a first time home buyer.   Some restrictions apply.

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