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The new first time homebuyer tax credit represents an economic windfall for those who qualify!
So here’s a tax tip – Buy a House!
Homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible for a tax credit of 10% of the purchase price of the home up to a maximum of $8,000.
According to MyMortgageInsider.com, the tax credit can be claimed on either your 2009 tax return, or “immediately on the 2008 return due in April.”
There is a new IRS form 5405 which you need to file. It’s easy and all you have to do is claim the credit.
If you have more questions, don’t hesitate to contact me at 508-523-9252 or email me at firstname.lastname@example.org.
Let’s put this $8,000 to work for you!
Consult with a tax specialist regarding your specific tax situation.
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
Century 21 Commonwealth
BostonKayakGuy…The MetWest Scene
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