ARE YOU A GOOD “MOVE UP BUYER” CANDIDATE? visit http://www.IRS.Gov for more detailed information
Quick Facts:
Current home owners who purchase between Nov 7th, 2009 and Apr 30th, 2010, and who have used a home as their principle residence for at least five consecutive years within the last eight years.
Income Limitations apply: single buyers up to $125,000 and married buyers up to $225,000
Home Price Limitations: generally, purchases must be for homes $800,000 or less
"First" Time Home Buyers may receive up to $8,000 in tax credit
Current Home Owners may receive up to $6,500 in tax credit
There are always exceptions - visit http://www.IRS.Gov for more detailed information and speak with your accountant for your tax advice.
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