|
 |
|
Was: $215,000
|
Now: $195,000 |
|
REDUCED $20,000 |
Enhanced Tax Credit Provides
Outstanding Opportunity for Home
Buyers on New Homes Reduced in
Price!
In its efforts to stimulate the
economy and revive the housing
market, Congress has enacted
legislation providing a tax
credit of up to $8,000 for
first-time home buyers.
Unlike the $7,500 tax credit
enacted in 2008……….the New
$8,000 tax credit does not have
to be Repaid!
But time is of the essence for
buyers who want to take
advantage of this opportunity.
Only homes purchased on or after
January 1, 2009 and before
November 30, 2009 are eligible.
Here is an example of how it
works: If a qualified home
buyer expected, notwithstanding
the tax credit, a federal income
tax liability of $5,000 and had
tax withholding of $4,000 for
the year, then without the tax
credit the taxpayer would owe
the IRS $1,000 on April 15th.
Suppose now that the taxpayer
qualified for the $8,000 home
buyer tax credit. As a result,
the taxpayer
would
receive a check for
$7,000…………..$8,000 minus the
$1,000 owed!
For a List of New Homes Reduced
in Price and to See if you
Qualify for the $8,000 Tax
Credit Call 866-360-4666 or