Bay Lake (Land O Lakes, FL)
By Stephanie LeFew, Making Real Estate Easy for You-It's all about You
(Coldwell Banker, Tampa FL)
First Time Homebuyer Tax Credit of 2009 has been extended into 2010. Most details for first-time homebuyers mirror the rules currently in existence. The maximum tax credit remains $8,000 ($4,000 for married individuals filing separately), and anyone who has not owned a home within three years is considered a "first-time buyer." · A purchase must be under contract by April 30, 2010.  · A purchase under contract by April 30 must close no later than June 30, 2010.  · After Dec. 1, 2009, income limits rise to $125,000 for singles and $225,000 for married couples; up from limits effective through Nov. 30 of $75,000 for singles and $150,000 for married couples. The tax credit phases out incrementally at each $20,000 increase in income.  · Effective immediately: The maximum home value purchase...
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Land O Lakes, FL Real Estate Professionals