Who say’s there’s no such thing as a free lunch? The U.S Government is giving away $6,500-$8,000 to you with no strings! – just for buying a home.
Here’s how it works: buy a home before April 30, 2010 and the government will mail you a check in conjunction with your tax return, or if you owe taxes they’ll apply it as a credit against what you owe.
Eligibility requirements:
Be a first-time buyer – their definition is that you have not owned a home in 3 years.
Be an existing homeowner – you must have lived in your current home the last 5 years or more.
Purchase the home as your primary residence only.
$125,000 maximum income for an individual, $225,000 for a couple.
Home can’t cost more than $800,000
You must live in the home you purchase for at least 3 years (exceptions if you’re in the military).
More questions? Want to find a home to apply your credit towards? Please call or email me AND double-check all information with your CPA or professional tax adviser.
Here’s how it works: buy a home before April 30, 2010 and the government will mail you a check in conjunction with your tax return, or if you owe taxes they’ll apply it as a credit against what you owe.
Eligibility requirements:
Be a first-time buyer – their definition is that you have not owned a home in 3 years.
Be an existing homeowner – you must have lived in your current home the last 5 years or more.
Purchase the home as your primary residence only.
$125,000 maximum income for an individual, $225,000 for a couple.
Home can’t cost more than $800,000
You must live in the home you purchase for at least 3 years (exceptions if you’re in the military).
More questions? Want to find a home to apply your credit towards? Please call or email me AND double-check all information with your CPA or professional tax adviser.
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