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Tax Credit Information

First Time & Current Homeowner Tax Credit

First time home buyers receive a tax credit of up to $8,000

& previous homeowners receive $6,500 when they purchase their new home

The TIME TO BUY OR SELL IS NOW!!!!!

First time buyers areeligible to receive the $8,000 Tax Credit

First time buyer credit time frame is from December 1, 2009 to April 30, 2010

(60 day extension if binding contract is in place by April 30, 2010)

“Move Up” buyers will now receive a $6,500 Tax Credit ( if they have lived in their principal residence for 5 of 8 previous years)The “Move up” tax credit pertains to homes purchased November 7, 2009 to April 30, 2010 (60 day extension if binding contract is in place by April 30, 2010)
Income limits have increased to $125,000 for single filers & $225,000 for joint filers
Eligible home prices have increased to $800,000

For further information, contact your Sales Associate or Local Howard Hanna office TODAY!!!


Melanie A. Vaszi Certified Negotiation Expert Office: Elyria Office Phone: (440) 365-8392 Mobile Phone: (440) 759-0540
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