What Is The First Time Home Buyers Tax Credit
I get calls about the First Time Home Buyers Tax Credit from people ready to buy a Fort Collins or Loveland gear. The questions, of course, are pretty similar: How do you qualify? What are the details? What do you have to do to apply?
Since the entire tax credit particularize is very long , I thought I would do a brief overview, with future posts on more specific aspects to the tax credit. I always receive any and all questions about the Fort Collins area or Loveland real estate (and vice versa!), so never hesitate to ask.
Please noteLargelythe short overview below pertains to the American Recovery and Reinvestment Act of 2009:
The tax credit is for first-time home buyers only. For the tax acknowledge program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year era prior to the purchase. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the where it hurts’s purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Celibate taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Fort Collins and Loveland District Home BuyersIf you are ready to start the search for Lovelaned real estate, you can begin by using my free Fort Collins and Loveland MLS Search or by contacting me, Jason Humpal, your Loveland and Fort Collins Realtor.
Questions about whether investing in a Loveland attribute or buying Fort Collins real estate will qualify for the tax credit? I can help guide you through the process and together we will get you the best large possible on your Fort Collins area home.
Until next time,
Jason
