Flower Mound Real Estate Agent Describes Tax Credit for Homebuyers
Flower Mound Real Estate Agent Sandy Luedke, Owner Broker of Ideal Real Estate Group, Describes the Tax Credit for Homebuyers designed to stimulate home sales.
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years.
Flower Mound Real Estate Agent Sandy Luedke, the Broker Owner, has been providing buyers and sellers premier real estate services for over 20 years. 214-476-1423 Please call for more information.
Tags: Flower Mound Home For Sale, Flower Mound Homes for Sale, Flower Mound Real Estate Agent, Flower Mound realestate agent, flower mound realestate broker, Flower Mound Realtor
Buyer Tips | ideal | 
March 21, 2009 9:31 am
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