My company, Long Realty, will present a free public online tax credit seminar on Thursday, February 25 from 6:30 p.m. to 7 p.m. to help consumers better understand the home buyer tax credit that expires April 30, 2010.
This online seminar is available at no cost and will feature Tony Finley, CPA, Chief Financial Officer for Long Companies. Finley will be presenting insight into the new tax credit in easy-to-understand terms while answering live questions from online viewers. He will also explain various scenarios as they apply to buyers and sellers in today’s real estate market and address the impact of the current trends in the real estate market as it relates to buyers and sellers.
The federal home buyer tax credit features a tax credit up to $8,000 for qualifying first time home buyers and up to $6,500 for qualifying current homeowners purchasing a new primary residence. Purchase contracts must be signed by April 30, 2010 and close by June 30, 2010. Certain restrictions and qualifications apply, details can be found at www.LongRealty.com/taxcredit.
Finley is a CPA, has an MBA from the University of Texas, and brings 19 years financial management and leadership experience to Long Companies.
Registration for this online seminar is available by visiting Long Realty’s website, www.LongRealty.com. There is no cost to participate; Seminar is open to the general public and can be accessed by any computer with an internet connection and telephone for audio. This is not a sales presentation; it is a live, informative event.
Friday, February 19, 2010
Friday, February 5, 2010
Home Buyer Tax Credit
FOR BUYERS
The $8,000 first-time homebuyer tax credit is extended
Now, qualified first-time home buyers would receive their $8,000 tax credit if they sign a purchase contract by April 30, 2010 and close by June 30, 2010
-The home purchased must be their primary residence
-Buyer cannot have owned a home during the past three years
-Tax credit is up to 10 percent of the home’s value (not to exceed $8,000)
-Annual income caps to qualify for the tax credit will increase ($125,000 for single filers / $225,000 for joint filers). Partial tax credit can be granted for incomes up to $145,000 for single filers / $245,000 for joint filers
BRAND NEW
-New $6,500 tax credit for current homeowners purchasing a primary residence
-Eligible home buyers must have lived in their current home for five consecutive years of the past eight years
-The new home’s cost need not exceed the current home
-Eligible for homes with purchase agreements written by April 30, 2010 and that close between Nov. 6, 2009 and June 30, 2010
-Annual income caps to qualify for the tax credit will increase ($125,000 for single filers / $225,000 for joint filers). Partial tax credit can be granted for incomes up to $145,000 for single filers / $245,000 for joint filers
To learn more about obtaining the tax credit, visit the Frequently Asked Questions and Tax Credit Changes Comparison Chart.
To obtain forms to claim your tax credit, see this information from the IRS.
For further information about eligibility requirements and limitations, visit www.irs.gov or www.FederalHousingTaxCredit.com.
Check all Tucson Homes for Sale on www.TucsonHomes.com and
If you are interested in moving into an Independent, Assisted or Memorty Care
Community in Tucson check out my www.TucsonSeniorResources.com
This web site has information on help if your wish to stay in your Tucson Home or if you wish to sell your Tucson Home.
Sherie Broekema, SRES, CRS, ABR
Long Realty Co.
www.TucsonHomes.com
www.TucsonSeniorResources.com
The $8,000 first-time homebuyer tax credit is extended
Now, qualified first-time home buyers would receive their $8,000 tax credit if they sign a purchase contract by April 30, 2010 and close by June 30, 2010
-The home purchased must be their primary residence
-Buyer cannot have owned a home during the past three years
-Tax credit is up to 10 percent of the home’s value (not to exceed $8,000)
-Annual income caps to qualify for the tax credit will increase ($125,000 for single filers / $225,000 for joint filers). Partial tax credit can be granted for incomes up to $145,000 for single filers / $245,000 for joint filers
BRAND NEW
-New $6,500 tax credit for current homeowners purchasing a primary residence
-Eligible home buyers must have lived in their current home for five consecutive years of the past eight years
-The new home’s cost need not exceed the current home
-Eligible for homes with purchase agreements written by April 30, 2010 and that close between Nov. 6, 2009 and June 30, 2010
-Annual income caps to qualify for the tax credit will increase ($125,000 for single filers / $225,000 for joint filers). Partial tax credit can be granted for incomes up to $145,000 for single filers / $245,000 for joint filers
To learn more about obtaining the tax credit, visit the Frequently Asked Questions and Tax Credit Changes Comparison Chart.
To obtain forms to claim your tax credit, see this information from the IRS.
For further information about eligibility requirements and limitations, visit www.irs.gov or www.FederalHousingTaxCredit.com.
Check all Tucson Homes for Sale on www.TucsonHomes.com and
If you are interested in moving into an Independent, Assisted or Memorty Care
Community in Tucson check out my www.TucsonSeniorResources.com
This web site has information on help if your wish to stay in your Tucson Home or if you wish to sell your Tucson Home.
Sherie Broekema, SRES, CRS, ABR
Long Realty Co.
www.TucsonHomes.com
www.TucsonSeniorResources.com
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