Attention: 2009 First Time Home Buyer Tax Credit Extended!!

Do you qualify for the tax credit? Find out...

The new law will extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30. Further, it has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence. An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.

If you are a first time home buyer and would like to take advantage of the tax credit, or if you are have been in your home for five years or more or the last eight years and would like to take advantage of the $6500 credit to purchase a new principal home, now is the time.