ATTENTION!

THIS IS THE "CASHING OUT YOUR up to $8,000.00 HOME BUYER TAX CREDIT" INFORMATION PAGE!

This page contains the vital information you need to grab your $8,000.00 government stimulus  cash windfall! You have till December 1, 2010 to take this free money and buy yourself a home, and you do not need to be a First Time Home Buyer to get it!

CHECK OUT THIS SIX-PACK OF AMAZING FEDERAL HOUSING TAX CREDIT PROGRAM HIGHLIGHTS:

1) All Home Buyers get the housing tax credit cash from the IRS when they file their 2008 or 2009 returns. The IRS deducts taxes owed for that year and sends the rest as a hard cash refund check.

2) All new and repeat Home Buyers can apply their respective  tax credit to either their  2008 or 2009 income, whichever they prefer, regardless of which year they buy their new home as long as it gets done before December 1, 2010.

3) Sellers should know that their buyers can get this tax credit even if the buyer does not go on title, like in an agreement for deed, or pay the mortgage, or have non-occupant co-signers as long as they are on the paperwork.

4) Buyers can get seller financing if they do not qualify for a bank loan and still collect a housing tax credit from Uncle Sam when they file their returns. They can apply the funds to  the cash portion of the purchase.

5) This cash windfall allows sellers to sell to buyers with limited cash resources if they let them utilize the housing tax credit cash for the sale.

6) The housing tax credit cash is real cash, and allows homeownership for cash-poor buyers who could not get a home without it.

 YOUR TAX CREDIT IN A NUTSHELL:

$8,000 First-time Home Buyer Tax Credit at a Glance

• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The tax credit applies only to homes priced at $800,000 or less.  
• For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

• To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
• The tax credit applies only to homes priced at $800,000 or less.
• Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

 CLICK HERE FOR THE THE DETAILED SCOOP ON THE $8,000 FEDERAL HOUSING TAX CREDIT