First-time homebuyers also get a tax break under the plan. A credit would allow them to subtract $8,000 from the income tax they owe for 2009 for a principal residence purchased through Nov. 31, 2009. It phases out for individuals with adjusted gross income between $75,000 and $95,000 ($150,000 and $170,000 for joint filers). The credit is also available to taxpayers who haven't bought a home for the past three years. The homebuyer credit doesn't have to be repaid if the home isn't sold for at least 36 months.
More questions or interested in taking advantage of this FREE money? email me.
Tracy Pina
Wednesday, February 18, 2009
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1 comment:
Atleast obama did something for the home owners. I voted for Obama.
commercial real estate,
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