TAX CREDIT EXTENDED UNTIL APRIL 2010
up to $8,000 = FIRST-TIME HOMEBUYERS
- single-filers who earn up to $125k are eligible for full credit
- partial credit up to $145k; not eligible if earnings exceed $145k
- joint-filers who earn up to $225k are eligible for full credit
- partial credit up to $245k; not eligible if earnings exceed $245k
up to $6,500 = EXISTING HOMEOWNERS
- owner/occupied for five out of last eight years
- same income brackets as above
DEADLINES: In order to qualify for credit, contracts must be in effect NLT April 30, 2010 and must close NLT June 30, 2010.
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