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 | Welcome to Your One Stop Source for Las Vegas Real Estate! If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Las Vegas with my New Listings Notification. |
Homebuyer Tax Credit | FEATURE | Jan 1 - Nov. 30,2009
Rules as enacted
February 2009 | Nov. 7 - April 30, 2010
Rules as enacted
November 2009 | First-time Buyer
Amount of Credit | $8,000
($4,000 Married
Filing Separate) | $8,000
($4,000 Married
Filing Separate) | First-time Buyer
Definition | May not have had an interest in a Principal Residence
for 3 years
Prior to Purchase | Same | Current Homeowner
Amount of Credit | No Provision | $6,500
($3,250 Married
Filing Seperate) | Effective Date
Current Owner | No Provision | November 7, 2009 | Current Homeowner
Definition for Eligibility | No Provision | Must Have Used the Home as a Principal Residence Consecutively
for 5 of the Previous 8 years | | Termination of Credit | Purchases After
November 30, 2009
(Becomes April 30, 2010 on
Date of Enactment) | Purchases after
April 30, 2010 | | Binding Contract Rule | None | So Long as a Written Binding Contract to purchase is in Effect on April 30, 2010, the Purchaser will have until
July 1, 2010 to Close | Income Limits
(NOTE: Increased Income
Limits are Effective As Of
Date of Enactment of Bill) | $75,000 - Single
$150,000 - Married
Additional $20,000 Phase Out | $125,000 - Single
$225,000 - Married
Additional $20,000 Phase Out | Limitation on Cost of
Purchae Home | None | $800,000
November 7, 2009 | | Purchase by a Dependent | No Provision | Ineligible
November 7, 2009 | | Anti-Fraud Rule | None | Purchaser Must Attach Documentation of
Purchase to Tax Return |
| Feel free to contact me for more information regarding First-Time Homebuyer Programs Take Care & Looking Forward to Hearing From You!
Mary Ann, "Your On-Line Realtor" | | |
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