The Stimulus tax credit available to First Time Home Buyers for up to $8,000 or Repeat Buyers who have owned their home for at least 5 years up to $6,500 is only available for 53 more days! If you have an interest in buying, this is a great time!!
How to Get the Extended Home Buyer Tax Credit
You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit:
1. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
2. Decide whether to: apply the credit to your 2009 tax return, filed on or before April 15, 2010;
file an amended 2009 return; or,apply the credit on your 2010 return, filed on or before April 15, 2011.
3. Attach documentation of purchase to your return.
Read more details at realtor.org.
