Take Advantage of the NEW $6,500 Tax Credit for
Existing Home Owners
Current homeowner tax credit
An existing homeowner who purchases a Vero Beach Florida home
may
now claim a tax credit of up to $6,500. To qualify, that owner must have
owned and used the same residence as a principal residence for any
consecutive five-year period in the previous eight years.
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This new tax credit is effective immediately.
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A purchase under contract by April 30 must close no later than June 30,
2010
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The maximum home value purchased cannot exceed $800,000
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Income limits rise to $125,000 for singles and $225,000 for married
couples
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The Extended Home Buyer Tax Credit may be applied to primary residences,
including: single-family homes, condos, townhomes, and co-ops.
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The buyer does not need to repay the tax credit, if he/she occupies the home
for three years or more
Don't miss the best
buyer's market in 20 years!
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