Federal Tax Credits End Today - April 30th, 2010Question:
Does a real estate transaction or closing need to take place by April
30, 2010 to qualify for tax credits that are available from the Federal
Government?
No. A Real Estate Purchase Contact has to be signed by April 30, 2010 to qualify for Tax credits.
Question: Who qualifies?
1. First time home buyers or those who have not purchased a home in the last 3 years qualify for the $8,000 Credit.
2.
Existing home buyers qualify if they have lived in their current
residence for longer than 5 years. The tax credit available to them is
$6,500.
Any questions, call me: Jay Rice - 801-633-3994, owner and developer of MillCreek Terrace Condos - 3944 So. 900 East, Salt Lake City, UT