Sep. 24, 2009 - $8000 First-Time Homebuyer Tax Credit Set to Expire November 30

All of you Raleigh  Cary 1st Time Homebuyers homebuyers don't forget that the FREE $8000 1st Time Homebuyer Tax Credit from Uncle Sam runs out on November 30,2009.  That means that you not only have to buy a home buy then but the home must also close on the home by November 30, 2009. 

What are the details of the 1st Time Homebuyer credit for Raleigh Cary  1st Time Homebuyers?

The First-Time Homebuyer Tax Credit program was passed as part of the 2009 economic stimulus plan by Presidetn Obama in February 2009.   It credits up to $8,000 in tax payments to qualified buyers.

 What do I have to do to qualify?

• Buyer may not have owned a "main home" in the past 36 months
• The home cannot be purchased from a parent, child, or spouse
• Adjusted gross income for the household must be below $95,000 for single tax filers and $170,000 for joint tax filers 

Is the $8000 tax credit  actually "refundable?" What does that mean?

It means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.  When I was a 1st time homeowner  the "refund check" meant a lot to me!!

So don't miss out! Start your homesearch now at the link below and check out my 1st Time Homebuyer Toolkit  to help point you in the right direction.  Then all of you Raleigh Cary 1st Time homebuyers need to give your Cary NC Realtor a call to take advantage of this great opportunity. 
 

 Begin your home search here

For Additional Information:

1st Time Homebuyer Toolkit - Part II