Recently passed legislation now allows many first time
home buyers to receive a tax credit of up to $8,000 when
they purchase a home.
Who Qualifies???
- First time home buyers who have not owned a home during the last three years
- Sale must close prior to December 1, 2009.
- Adjusted gross income of $95,000 or less for individuals or $170,000 or less for those
who file jointly qualifies you for a tax credit. - Receive a tax credit when you file your 2009 tax returns of 10% of the sales price of
your home (maximum tax credit of $8,000). - Tax credit does not have to be repaid as long as you own the home for at least 3 years.
- Earn your tax savings during your first year of home ownership
*Contact a tax advisor for complete details regarding tax credit. Restrictions apply.
Has there ever been a better time to be a
First Time Home Buyer?
Lisa Coffey, Finance Manager
Howard Hanna Mortgage Services, (216) 527-0190
lisacoffey@howardhanna.com
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