Wednesday, February 3, 2010

Real State Bailout Made Homebuyers Tax Credits Expanded

It’s always been hard to buy a house, much more in time of recession. Real Estate Bailout is so helpful for home buyers not to mention including the first-time home buyers and those who have low incomes. 2010 Homebuyer Tax Credits had focused especially for those who are first-time home buyers and for the low income earners, as well.

Benefits are up to $8,000 tax credit for first-time home buyers. And for those who have lived in a current home consecutive 5 of the past 8 years can receive up to a $6,500 tax credit. About the income limits, for singles, $125,000, and $225,000 for married couples with a $20,000 phase-out of the credit for both. It is important to know that qualified homebuyers must act and have a written, binding contract by April 30, 2010 (close by June 30, 2010) and there will be no extensions.

Having a home is so vital for everybody so this news is really a great deal for everybody. Click here for more information.

1 comment:

  1. This is very nice tips for those are planningto buy a house. Thank.

    Sure, i'll add you to my blogroll. :)