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Newport Beach Real Estate

March 23rd, 2010

First Time Home Buyer Tax Credit Deadline Approaching April 30, 2010

Category: General Information

First Time Home Buyer Tax Credit Deadline Approaching April 30, 2010

The First Time Home Buyer Tax Credit Deadline is approaching on April 30, 2010.

Who qualifies for the first time home buyer tax credit?

An eligible taxpayer must purchase, or enter into a binding contract to buy, a principal residence on or before April 30, 2010. This transaction must be closed no later than June 30, 2010.  For purchases which qualify in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 tax return. Please consult your tax advisor for details.

Because there is a large inventory on the market, this is a great opportunity to consider purchasing a home and taking advantage of this first time home buyer tax credit. Remember, you must be under contract before April 30, 2010 and close the transaction by June 30, 2010.

If I can answer any questions about this first time home  buyer tax credit, please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

 

Posted by Sharon Paxson

This entry was posted on Tuesday, March 23rd, 2010 at 10:53 am and is filed under General Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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