$8,000 Housing Tax Credit Now Available

tax-savingsHome buyers in the Jupiter and Juno Beach areas should be aware that there is now a tax credit equal to 10% of a homes purchase price for up to a maximum of $8,000 available with the new Federal Housing Tax Credit that was just passed by Congress.

Homes that are purchased between January 1, 2009, and December 1, 2009, are eligible.  Previously know as a “first time buyers credit,” it is, in fact, a credit that is  also available for anyone that has not purchased a home in the last three years.

The biggest change between this $8,000 credit and the previous $7,500 tax credit is that this one does not have to be repaid.

The tax credit can be claimed on your 2008  income tax forms even if the purchase took place in 2009.  Single tax payers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

With the  combination of local home prices at very low  levels and really good mortgage rates that are available,  should give a number of  local residents a push into the housing market.

There are many homes that are on the market in Jupiter and Juno that may have once been considered “out of reach” are now very affordable.

We have enjoyed living in this area and have made it home for our family. We would not consider ever leaving.  We hope that you feel the same way and get the opportunity to buy a home here and make it yours too!

For more information on this program and others that are available, contact a local Realtor®.

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1 Comment

Filed under Economy, Real Estate

One response to “$8,000 Housing Tax Credit Now Available

  1. Pingback: First Time Home Buyers Tax Credit Time Constraints « Blogging Jupino

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