this is a sponsored review from Cold Well Banker
What is Tax credit? Tax credit defined as a direct reduction in liability.
Cold Well banker now has a great deal in real estate. The federal income tax credit for homebuyers has been extended and expanded.
It now include home owners who wish to move on after 5 years of living in their current property as well as first time home buyers.
Its benefits:
1. First-time home buyers, or those who have not owned in the last three years, can receive up to an $8,000 Tax Credit.
2. Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit.
3. There may be no future extensions, so all qualified homebuyers are urged to act and have a written, binding contract by April 30, 2010 (close by June 30, 2010).
4. Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.
More details, watch the video below
