$8,000.00 YOU SAY?
In 2009 if you are a first time home buyer you will be allowed depending on your income up to an $8,000.00 tax credit with Uncle Sam. Check with your accountant as to what the credits are and how they will apply to you.
Visit
http://www.masshomefacts.org/ for more information.
The $8,000.00 first-time home buyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed into law on Feb. 17 2009 and provides for the purchase of a principal residence on or after January 1, 2009 and before (dates have been extended please check with your accountant). The credit does not require repayment.
HOW DO I APPLY?
www.irs.gov
Form 5405 can be found on this web page.
A window of opportunity has opened that may never be seen again with the first-time credit, but there are more reasons to by NOW
Counseling and other Advocacy Resources:
Neighborworks and Homeownership Preservation Foundation Hotline
www.995hope.org
The Division Of Banks:
www.mass.gov/dob
Foreclosure Relief Pro Bono Attorney Hotline:
Legal Advocacy and Resource Center
(800) 342-5297 or (617) 603-1700
U.S. Department of Housing and Urban Development (HUD)
www.hud.gov/counseling
Information has been provided by the MA Association Of Realtors. Which I am proud to be a member of.
