Wednesday, February 18, 2009

Home Buyer Tax Credit

The new First Time Home Buyer Tax Credit is incredible!! I know there are a lot of people with a lot of questions right now so, check out FAQs and I also suggest talking to a tax professional.

That said... here are a couple of highlights that I think are very important.

*This is a true credit and does not have to be paid back unless you sell within 3 years of purchase.

* Even if you buy in the first quarter of 2009 you should be able to claim this credit on your 2008 taxes.

* Even if you have already filed your 2008 taxes you should be able to file an ammended return.

* A person qualifies as a first time home buyer if they have never owned a home or if they have not owned a home in the previous 3 years.

Again, I highly suggest you talk to a tax professional about this credit but I personally think this is a great opportunity for buyers.

Give me a call today if you need to find a home and claim your $8,000 credit!

Brandi Nelson, Realtor

Century 21 Signature Real Estate

306 S. 16th Street, Ames, Iowa


Each office independently owned & operated.

Licensed salesperson in the state of Iowa.

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