Tac Credits For Home Buyers

The what, when, why, where, who and how on how to get money with a homebuyer tax credit when you are buying a home.  All Metro Atlanta home buyers need to know about the U.S. homebuyer tax credit of $8,000, the Georgia homebuyer tax credit of $1,800 and Duffy Realty of Atlanta’s homebuyer credit equaling thousands of dollars before buying your next home.

U.S. Home Buyer Tax Credit

What

is the U.S. homebuyer tax credit?  The tax credit is designed to spur activity in homebuyers who are first time buyers. 

When

is the deadline?  You must close on a home before November 30, 2009.

Why

is the homebuyer tax credit so good for you?  Because you don’t have to repay the credit.  It is yours for taking action in buying a home.  This is unlike the previous credits that you must repay. 

Where

can you buy a home?  Anywhere you want in the United States.

Who

is eligible?  First time buyers defined as buyer who have not owned a home in the last three years. 

How

do you get the homebuyer tax credit?  Buy a home, meet the criteria and file your taxes apporiately.

Georgia Home Buyer Tax Credit

What

is the Georgia homebuyer tax credit?  The tax credit is designed to spur activity in any homebuyer who will buy a home that is in foreclosure and that was on the market no later than May 11, 2009.  There are no income limitations.

When

is the deadline?  Before November 30, 2009, you must close on your new home.

Why

is the homebuyer tax credit so good for you?  Because you don’t have to repay the credit.  It is yours for taking action.

Where

can you buy a home?  There are no restrictions on where you can buy as long as the home is in Georgia.  However, there are restrictions on what has to have happened with the home and there are restrictions on how much you will get back based on the home price.

Who

is eligible? All purchasers of an eligible single family residence in Georgia that file a Georgia income tax return can claim the credit. You do not have to be a first time homebuyer.

How

do you get the homebuyer credit?  Buy a home, meet the criteria and file your taxes approriately.

Duffy Realty Home Buyer Credit

What

is the Duffy homebuyer credit?  The credit is designed to help Duffy Realty work with more buyers since our buyers do some of the work in finding the homes that they want to see by searching online and then driving by the homes.

When

is the deadline?  No deadline – we have been paying money to our buyer clients for the last 5 years and have proudly posted the cancelled checks and video testimonials on our website.

Why

is the homebuyer credit so good for you?  Because you don’t have to repay the credit.  It is yours for helping us find the homes that you want to see. 

Where

can you buy a home?  Anywhere you want in the Atlanta metro area. 

Who

is eligible? All buyers who do the homework of finding the home that they want to buy.  The payout is based on the amount of houses that we take you to see.  However, we have a full-service team of agents as well that can do all the work for you in finding the homes and previewing them for you before you go to the homes.

How

do you get the homebuyer credit?  Buy a home, meet the criteria and file your taxes apporiately.

All homes, condos and townhomes qualify for all three programs.

If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

Visit TipsandFormsforBuyers.com to find this and other valuable advice and resources for buying your next home.