Chad Stewart is a Real Estate Pro with Rockford Realty Group. I personally update andmaintain my website and this blog. North Florida is a great place to live and work. I work with buyers and sellers for real estate in Lake City, FL, Columbia County, Florida & the surrounding areas. Check back frequently to this blog for Florida real estate news, Market info, technology updates more Lake City FL Real Estate info. Rockford Realty Group
Saturday, January 09, 2010
Homebuyer and Home Buyers Tax Credit $8,000.
2010 is here! As you may know the tax credit is back again with $8,000 for first time Home Buyers, and now also qualified REPEAT BUYERS can receive a credit of up to $6,500 for homes purchased between November 7, 2009 and April 30, 2010.
There are a few items that you need to make sure you qualify for, so I have attached some useful documents for you to print out & read, but this is very much real money. And its a tax credit not tax deduction. If you file your taxes individually, and you make over $125,000 per year the tax credit phases out. Anything less and you get the full credit. Over $225,000 for married couples filing jointly it begins to phase out.