Live Where You Play NOW with Tax Credit
Recent changes to the American Recovery and reinvestment Act of 2009 have helped even more folks make their retirement and 2nd home dreams come true sooner than later! This exciting news comes at a time when many are already taking advantage of low home prices and the lowest interest rates in years. Even more reason to start enjoying your dream of Living Where You Play – Connestee Falls in Western North Carolina – NOW!
Below you will see a shorten bullet point breakdown of what the news media and web sites across the country are reporting the program basics:
* First-time home buyers hay be eligible for a tax credit of up to $8,000
* Existing home owners who have been residing in their principal residence for five consecutive years out of the last eight may be eligible for a tax credit of up to $6,500
* The credit is for homes purchased as a primary residence under $800,000
* The credit is for homes purchased between November 6, 2009 and April 30, 2010. All closing must take place no later than June 30, 2010.
* Certain income limits apply
Here are other posts we made with greater detail:
http://www.connesteefallshomes.com/q-a-on-move-uprepeat-home-buyer-tax-credit/
http://www.connesteefallshomes.com/7-q-a-on-extended-home-buyer-tax-credit-for-current-home-owners/
http://www.connesteefallshomes.com/senate-votes-to-renew-1st-home-buyers-tax-credit/
http://www.connesteefallshomes.com/homebuyer-tax-credit-extension-nov-3rd/
We encourage you to take advantage of this limited time opportunity from the Federal Government. For more information we encourage you to see the advice of your tax professional. Want more information about Brevard and Western North Carolina? Give is a call today. Hope to see you soon.
