Twitter This: #1 Tax Tip – Buy A House!

Looking for your first place?

Have you been texting or tweeting for a good real estate buy?

Searching real estate blogs and listings on twitter?

* follow bostonkayakguy on twitter

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.

The National Association of Home Builders details frequently asked questions about the homebuyer credit, as well as other resource information.

The $8,000 tax credit is a window of opportunity provided in the economic stimulus plan to help revitalize the economy.  It’s a win-win position for a first-time buyer that you don’t want to miss!

If you have more questions, don’t hesitate to contact me at 508-523-9252 or email me at johnprescott2000@aol.com.

Let’s put this $8,000 to work for you!

Consult with a tax specialist regarding your specific tax situation.

JOHN PRESCOTT

–BostonKayakGuy

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

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

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