SunLakes of AZ Blog

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July 2010

The Extended and Expanded Homebuyers Tax Credit

by Joan Byrnes for Real Estate

joanbyers-homechecklist

Expanded Homebuyers Tax Credit

Whether you’re a first-time homebuyer or a long-time homeowner, Congress recently extended and expanded a home-buying tax credit for which you may qualify.

Current Homeowners…

If you’re an existing homeowner and would like to sell a principal residence (a location where you spend more than 50% of your time) that you’ve lived in consecutively for 5 of the past 8 years, then you may qualify for a tax credit of up to $6,500 on the purchase of a home between November 7, 2009 and April 30, 2010.

Qualifications…
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