UP TO $8000 FREE MONEY TO FIRST TIME HOMEBUYERS
Introducing Real STIMULUS MONEY for First Time Homebuyers! HOW MUCH CAN YOU GET? A tax credit of up to $8000 is now available for qualified first-time homebuyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. The tax credit s equal to 10% of the home's purchase price up to a maximum of $8000.00; for example, price of home is $60,000 then 10% of purchase price is $6000. This credit DOES NOT have to be REPAID, but you MUST live in your new home as your primary residence for THREE YEARS. The credit is fully refundable: the credit will be paid to eligible taxpayers--even if you owe no tax. The Adjusted Gross Income Limits are quite substantial so many first time homebuyers should be eligible to receive this FREE money.
ATTENTION FIRST TIME HOMEBUYERS
FREE MONEY IF YOUR PURCHASE HOME IN 2009!
It will be my mission to help as many First Time Homebuyers as possible to achieve the American Dream of Home Ownership during 2009. This is a limited-time offer, so you should act quickly! With historically LOW interest rates coupled with the $8000 Tax Credit, 2009 is the Year for First Time Homebuyers to make their Dream of owning their very own home a REALITY. The credit may be claimed on either the 2008 or 2009 tax return. To get the money quickly, Taxpayers buying a home who wish to claim it on their 2008 tax return but who have already submitted their 2008 return to the IRS may file an amended 2008 return claiming the tax credit. Use IRS Form 5405 to claim your credit. (Consult your tax professional to determine how to do this.) The FIRST thing you have to do before qualifying for this rare Tax Credit is to find and purchase your new HOME.
NATIONAL REALTORS ASSOCIATION
Limited Time to take advantage of this rare opportunity!
Affordablility, buyer's market, historically low interest rates, investment in your future, up to $8000 tax credit available until December 1, 2009, just a few reasons to act TODAY!
WHO CANNOT CLAIM THE CREDIT?
According to the IRS, you cannot claim the credit if any of the following apply:
1. Your modified adjusted gross income is $95,000 or more ($170,000 or more if married and filing jointly).
2. You are a nonresident alien.
3. Your home is located outside the United States.
4. You sell the home or it ceases to be your main home before the end of 2008.
5. You acquired your home by gift or inheritance.
6. You acquired your home from a related person. A related person includes your spouse, ancestors, parents, grandparents, etc., or lineal descendants (children, grandchildren, etc.); or a corporation in which you directly or indirectly own more than 50% in value of the outstanding stock of the corporation; or a partnership in which you directly or indirectly own more than 50% of the capital interest or profits interest.
(CHECK WITH YOUR TAX PROFESSIONAL TO SEE IF THERE ARE ADDITIONAL RESTRICTIONS, MODIFICATIONS OR DELETIONS)
2. You are a nonresident alien.
3. Your home is located outside the United States.
4. You sell the home or it ceases to be your main home before the end of 2008.
5. You acquired your home by gift or inheritance.
6. You acquired your home from a related person. A related person includes your spouse, ancestors, parents, grandparents, etc., or lineal descendants (children, grandchildren, etc.); or a corporation in which you directly or indirectly own more than 50% in value of the outstanding stock of the corporation; or a partnership in which you directly or indirectly own more than 50% of the capital interest or profits interest.
(CHECK WITH YOUR TAX PROFESSIONAL TO SEE IF THERE ARE ADDITIONAL RESTRICTIONS, MODIFICATIONS OR DELETIONS)
P.S.
GET OFF THE FENCE AND MAKE YOUR MOVE TO A NEW HOME!
What are you waiting for? Contact me at www.squidoo.com/FirstTimeHomebuyers--TaxCredit for more information.
by NannyBananny
Hello world. This is my bio. My name is Yolanda Mullins. NannyBananny is a name that my granddaughters call me so I thought it would be a good Squidoo... more »
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