1.800.533.4004
Smart mortgage moves • First-time home buyer tax credit • Better business starts here
If you're house hunting for the first time, you may get an extra boost this year. The government's new stimulus plan includes a tax credit up to $8,000 for first-time home buyers. You may qualify if you meet the following criteria:- Be a first-time home buyer or a buyer who has not owned a principal residence during the three-year period prior to the purchase.
- Purchase the home between 1/1/09 and 12/1/09.
- Have a modified adjusted gross income (MAGI) below $95,000 for an individual or $170,000 for a married couple filing jointly.
- Use the home as your "main" home.
- Live in the home for at least three years after the purchase date.
- Pay $80,000 or more for the home. (If the house costs less than that, you can claim a tax credit for 10% of the purchase price.)
| « Previous | learn&earn Home | Next » |
|
Fun facts! FACT #1 The average penny lasts 25 years.* * Bankrate.com |
FACT #2 A typical credit card purchase ends up costing 112% more than if cash was used.* |
This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material. Images may be from one or more of these sources: ©Jupiterimages, ©Getty Images, ©iStock, ©SnapVillage.©2009 Endura Financial Federal Credit Union.Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, a U.S. Government Agency.
