May, 2009 $8,000 First Time Home Buyer Tax Credit is Here
FIRST-TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act
An $8,000 TAX REFUND is now available for home buyers of New Mexico and Albuquerque Area Real Estate who purchase a home between January 1, 2009 and December 1, 2009.
Major Benefits of First Time Home Buyer Tax Credit for New Mexico and Albuquergue Area Real Estate Home Buyers....
1. Effective for homes purchased January 1, through December 1, 2009.
2. Maximum credit amount is 10% of the purchase price of the home up to $8,000.
3. All principal residences including single family, town homes, condos and co-ops.
4. If the price of the home you buy is $80,000 or more, you will receive the full $8,000 Tax Credit to offset your income tax liability OR receive a REFUND for any amount up to $8,000 if your actual tax liability is less.
5. Income limits to qualify for the tax credit and or Tax REFUND is $75,000 for single filers and $150,000 for married filers. Married filers filing separately can receive a tax credit of $4,000 each.
6. First Time Home Buyer means a person who has not owned a principal resident for the past 3 years.
Jim Meek - Flat Rate Realty of Albuquerque 11896 N. Highway 14, Suite A
Tijeras, New Mexico 87059 Jim: (505) 331-1964 | Main Office: (505) 892-4400 | Fax:
(888) 965-5353 Info@newhomesinabq.com
