Did You Know? There has never been a better time to purchase a new home in Carothers Crossing. Newly enacted legislation provides a tax credit of as much as $8,000 for first-time home buyers!
If you or someone you know qualifies, make sure to spread the word.
Call us at 877-654-4333 or 615.941.8631 to
learn more about how you can take advantage of this limited-time opportunity.
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First time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs.
Learn more about eligibility here.
The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
Learn more about the definition here.
Make sure to visit the official Federal Housing Tax Credit Web site and its FAQs section for more information.
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