Home Buyer Tax Credit
Posted by Steven
If you are looking for buying a new house for the first time then you would be happy to know that Home Buyer Tax Credit will now include those people who wish to move on after living for five years in their present property along with those people who are buying home for first time. A Credit tax up to $8000 may be given to those people who are buying home for the first time or who have not bought any house for last three years. Those people, who have lived for consecutive 5 years out of the last 8 years, can get a tax credit with a limit of $6500.
If you visit the ColdWellBanker.com, you would be able to watch a video which will show you a piece of new announced by Jin Gillespie, who is the CEO and President of ColdWell Banker. This short video clip is very informative about these changes with regards to tax credit for homebuyers. All those people who qualify for buying homes need to get a binding contract by 30 April, 2010. With these changes, the income caps for singles and couples have been raised to $125,000 and $225,000 respectively.
