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The federal tax credit for home buyers has recently been extended
and expanded. Congress has passed new legislation that:
• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Who is Eligible?
• The $8,000 tax credit is available to first-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
• The law defines a first-time home buyer as a buyer who has not owned a home during the past three years.
If you've owned an investment property that was not your principle
residence, you may still be eligible.
• The $6,500 tax credit is available to current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being
sold or vacated as a principal residence for five consecutive years within the last eight.
• All U.S. citizens and resident aliens who file taxes are eligible to participate in the program.
Types of Homes That Qualify for the Tax Credit
• All homes within the United States, whether single-family, townhomes or condominiums will qualify.
• The home must be used as a principal residence.
• The tax credit includes newly-constructed homes.
Home Buyers
Workshop
Learn more about the $8,000 Tax Credit and other great tips for home buyers
by attending one of Metro Brokers’ free workshops.
See home buyer workshop details.
To find out if you qualify,
fill out the form below or call 770.390.8000.
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