I've been getting a lot of questions about the particulars of the Home Buyer Tax Credit Extension. While I wish I could take credit for the abundance of information below, I can't. However, I can point you towards the source. I hope you find these resources useful.
The NAR has been all over the legislation. Below is a list of questions and links to the NAR's answers.
The Basics of the Extended Home Buyer Tax Credit 2009/2010
Who Qualifies for the Extended Credit?
Which Properties are Eligible?
How Much is Available?
How is a Buyer's Credit Amount Determined?
If a Buyer's Income Exceeds the Limits, Can they Still Get a Credit?
Can a Buyer Still Qualify If They Close After April 30, 2009?
Will the Tax Credit Need to Be Repaid?
The IRS has also updated their site to include information about the new legislation. HERE is a link.
also Click Here for NAR information on extended tax credit.
No comments:
Post a Comment