The homebuyers tax credit has been extended and is available to ALL homebuyers until June 30, 2010. Henderson Properties specializes in helping people find the perfect home at a price they can live with. We invite you to learn more by entering the door to Real Estate expertise.
Here's a few questions we've been asked in regards to the credit:
Q: Who qualifies for the tax credit?
A: The extended tax credit benefits all homebuyers. A homebuyer who has not had an interest in a principal residence for three years prior to the date of purchase can qualify for the credit or existing buyer's who have lived in their home for 5 years.
Q: How much is the credit?
A: The tax credit would be $8,000 for first time home buyers and $6500 for current homeowners.
Q: Do I have to repay the credit?
A: No. Unlike the 2008 $7,500 tax credit, the $8,000 credit does not have to be repaid. However, if the home is sold within three years of purchase, the credit will be reversed.
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