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$8,000 Tax Credit Available
The selling season is heating up in Aledo, Weatherford, and the DFW metroplex and expected to be a good one because of the First Time Buyer Tax Credit that was recently enacted.
For a limited time home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.
The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. You can amend your 2008 taxes after you close so you don't have to wait til next year to get the money. Please feel free to contact us today for more details on this exciting program! Office 817-441-7707, Pam 817-690-0976, Mark 817-690-0954 or Alicia 817-680-7786 or you can email Pam at: pam@pamsnowden.com
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