$8,000 First-time Homebuyers Tax Credit Expiring Soon!
Posted by Mike Ciucci on
Don't forget that the $8,000 Home Buyer Tax Credit expires on December 1st, 2009! This means that you will have to have closed on your property by that November 30th, NO EXCEPTIONS. I would not wait until the last minute. Closings are often delayed, and especially short sales (which I am hesitant to even recommend at this point- you may not have enough time) will be delayed.
Once again, here is a breakdown of the $8,000 First-Time Home Buyer Tax Credit:
- You must be a first-time home buyer. This means you must not have owned a principal residence within the last 3 years. What if I've never purchased a home, but my wife has? For married tax payers, both you and your spouse must be first-time homebuyers. For those that are unmarried joint purchases…
2302 Views, 0 Comments