If you have recently bought or are thinking of buying your first house, you are in luck. In case you didn't know, you are eligible for a $7,500 tax credit. As long as you earn less than $75,000 if you are single and less than $150,000 if married, you will automatically qualify for this program. The $7,500 gets deducted from the amount you owe the feds on your 2008 taxes. (or 2009, depending)
You just need to have closed on your home between April 9, 2008 and June 30, 2009.
For more information, visit www.federalhousingtaxcredit.com
(There are some stipulations and repayments, but overall a good deal. Talk to your accountant.)
1 comment:
that is good info brother!!!!
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