First Time Home Buyer Tax Credit of $8,000
April 7, 2009
Congress Enacts Bigger and Better
Home Buyer Tax Credit
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
First Time Home Buyers whoe who purchased a home between April 9, 2008 and January 1, 2009 may be eligible for a federal tax credit of up to $7,500.
Call Peter or Beverly Petridis from Prudential Fox & Roach Realtors to help you with your search in finding your first home. We cover the following areas: Absecon, Galloway, Egg Harbor Township, Northfield, Linwood, Egg Harbor City, Atlantic City, Brigantine and Ventnor.
First-Time Home Buyer Tax Credit
February 23, 2009
Enhanced Tax Credit Provides Outstanding Opportunity for Home Buyers.
In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. But time is of the essence for buyers who want
to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible.
$8,000 Home Buyer Tax Credit at a Glance
-The tax credit is for first-time home buyers only.
-The tax credit does not have to be repaid.
-The tax credit is equal to 10 percent of the home’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.
-Single taxpayers with incomes up to $75,000 and married couples with incomes
up to $150,000 qualify for the full tax credit.
This tax credit can help any people who are looking to purchase a home in the Atlantic County area, including the following cities and towns: Absecon, Galloway, Egg Harbor Township, Northfield, Linwood, Atlantic City, Brigantine, Margate, Ventnor and Longport NJ.
If you have any questions please contact Peter Petridis from Prudential Fox and Roach Realtors for assistance at 609-377-4023.
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Let's get together and talk about your >South Jersey experience. If you are a buyer, we can help you find the perfect home or condo for you in the South Jersey Shore Home area. If you are selling a home we can simplify the process for you. We can prepare a Comparative Market Analysis - CMA for your home and let you know what your home actual home value is in this market. Call Peter or Beverly Petridis at the office 609-264-7304, or on our cell phone 609-377-4023. We will set-up a time that is easy and convenient for you to meet.