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WASHINGTON, Jul 30, 2008
-- Landmark housing legislation signed into
law today is aimed helping home buyers and strengthening the housing
finance system, according to the National Association of Home Builders (NAHB).
For aspiring home owners who find their goal stubbornly elusive, newly
enacted legislation is providing a tax credit of as much as $7,500 for first-time
home buyers might just be the opportunity of a lifetime.
But like so many of the good things in life, time is of the essence for
buyers who want to take advantage of this outstanding opportunity.
Only homes purchased on or after April 9, 2008 and before July 1, 2009
are eligible.
First-Time Home Buyer Tax Credit at a Glance
- The tax credit is available for first-time home buyers only.
- The maximum credit amount is $7,500.
- The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
- Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
For more details on the First-Time Home Buyer Tax Credit, visit
http://www.federalhousingtaxcredit.com
Brandl Anderson Homes, Inc. is providing the information on this web site for general guidance only.
The information on this site does not constitute the provision of legal advice, tax advice,
accounting services, investment advice, or professional consulting of any kind nor should it be
construed as such.
The information provided herein should not be used as a substitute for consultation with
professional tax, accounting, legal, or other competent advisers.
Before making any decision or taking any action on this information, you should consult a
qualified professional adviser to whom you have provided all of the facts applicable to your
particular situation or question. None of the tax information on this web site is intended to
be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be
imposed on the taxpayer.
The information is provided "as is," with no assurance or guarantee of completeness,
accuracy, or timeliness of the information, and without warranty of any kind, express or implied,
including but not limited to warranties of performance, merchantability, and fitness for a
particular purpose.
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Equal Housing - Builders License #20004388.