Home Buyer Tax Credit
February 18th, 2010
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Image via Luxor LLC
I can’t be the only one out there that’s a little confused about the home buyer tax credit so I decided to do a little research. The tax credit signed by Obama applies to home purchases made on January 1, 2009 through April 30, 2010. As long as a binding sales contract is signed by April, 30, 2010, the buyer(s) have until June 30, 2010 to qualify for the tax credit.
Important Home Buyer Tax Credit Facts:
- Qualified first time home buyer(s) can receive a tax credit of up to 10% of their home value or $8,000, whichever is less. Read more…