First Time Home Buyer Tax Credit Deadline Approaching April 30, 2010
The First Time Home Buyer Tax Credit Deadline is rapidly approaching on April 30, 2010. Now is the time to be out looking for that property.
A person who qualifies for this tax credit is an eligible taxpayer who must purchase, or enter into a contract to buy or purchase, their principal residence on or before April 30, 2010. This transaction must be closed no later than June 30, 2010. For purchases which qualify in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 tax return. Please consult your tax advisor for details.
There is a large inventory of homes on the market, and there are some great opportunities to take advantage of this tax credit. This is a great opportunity to consider purchasing a home and taking advantage of this first time home buyer tax credit. However, you must be under contract before April 30, 2010 and close the transaction by June 30, 2010.
If I can answer any questions about this first time home buyer tax credit or if you are considering purchasing your first home, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
Originally posted at NewportBeachRealEstateCafe.com
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