Homebuyer Tax Credit Clock Is Ticking…

To take advantage of the federal tax credits, eligible homebuyers have until the end of business on Friday, April 30, 2010, to sign a purchase contract on a new home.  $8,000 First-Time Homebuyer Tax Credit Eligible for homes with purchase agreements signed by April 30, 2010, and closed by June 30,  2010 available to first-time homebuyers who have not owned a home during the past three  years with   credit amount up to 10% of the home’s value, not to exceed $8,000 • Buyers qualified for full tax credit are single taxpayers with incomes up to $125,000 (partial credit can be granted for incomes up to $145,000) and joint filers with incomes up to $225,000 (Partial credit can be granted for incomes up to $245,000).

$6,500 Tax Credit For Current Home Owners Eligible for homes with purchase agreements written by April 30, 2010, and that close between November 7, 2009 and June 30, 2010. Qualified home buyers must have lived in their current home for 5 consecutive years of the last 8 years.

Maximum purchase price of the home is $800,000 • Single filers who earn up to $125,000 are eligible for the total credit amount. Partial credit can be granted for incomes up to $145,000. • Joint filers who earn up to $225,000 are eligible for the total credit amount. Partial credit can be granted for incomes up to $245,000.

To buy or sell a home go to www.MarinaJacobsonHomes.com