Many potential customers ask me about the advantage of buying real estate in Florida and what other tax benefits are available to them by purchasing a home vs. renting (aside from the obvious).

Well, I’m happy to report that here is  a special asistance program in place in Florida for buyers wishing to buy their own personal residence, but it’s ONLY available until April 30th of 2010 — so HURRY!  Whether you are a first-time buyer, or have not owned a home in 8 years, you WILL qualify.  These two programs are:

• An income tax credit up to $8000.00 for first-time home buyers.
• An income tax credit up to $6,500.00 for repeat buyers (those who have used their previous home as their principal residence for 5 of the 8 previous years).

For answers to FAQ’s (Frequently Asked Questions), such as:

For answers to these questions and MORE, go to www.federalhousingtaxcredit.com

Tags: Advantage of Buying Real Estate in Florida, First Time Homebuyer, Homebuyers Credit in Florida, Real Estate Taxes in Florida, Special Assistance Programs in Florida, Tax Credits on Florida Real Estate

Posted on Monday, March 8th, 2010 at 5:47 pm and is filed under TAX INCENTIVES, TAXES. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.