Homebuyers Tax Credit

Buy a home, get a tax break! The tax credit is equal to 10% of the purchase price of your home up to $8,000. The full credit is available to single persons whose adjusted gross income (AGI) is less than $75,000. For married couples filing jointly, the credit begins to phase out at an AGI of $150,000. Are YOU eligible? First-time buyers who purchase a principle residence before December 1, 2009 are eligible (closing must occur by November 30, 2009). Like all tax credits, it will directly reduce the total amount of taxes you owe. For more information on the First-time Homebuyers Tax Credit give us a call at (330) 499.8153.