It’s true folks.  The $8,000 first time home buyer tax credit has been extended until April 30th 2010.  1st time home buyers who buy a home, condo, or townhome will be eligible for this credit. 

Remember there are income restrictions.  Single buyers who make over $125,000 and and married couples who make over $225,000 will not be eligible for this tax credit.  Also, this credit is only for homes purchased that are under $800,000.

There is also a $6,500 tax credit for current home owners buying a home that have lived in or owned their property for 5 years.   Let me know if you have any questions about these programs.  Remember this tax credit is available if you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake City.  It is a nation-wide program.

For more info regarding this program read this article from the National Association of Realtors http://www.realtor.org/HOME_BUYERS_AND_SELLERS/2009_FIRST_TIME_HOME_BUYER_TAX_CREDIT

Tags: $8, 000 tax credit, 000 Tax Credit Extension, BUYING A HOME

Posted on Thursday, November 12th, 2009 at 1:04 pm and is filed under Buy a House, First Time Home Buyers, Uncategorized. 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.