Homebuyer Tax Credit Extended and Expanded

(December 1-April 30, 2010)

•  First Time Buyer            $8000 ($4000 married filing separate)  
•  May not have had an interest in a principle residence for 3 years prior to purchase
• Current Home Owner    $6500 ($3250 married filing separate)
• Effective Date                  Date of Enactment
• Must have used the home sold or being sold as a principle residence consecutively for 5 of the previous 8 years.
• Terminates- purchases after April 30, 2010  
• Income limits $125,000 single $225,000 married
• Limitation on cost of home $800,000
• Purchaser must attach documentation of purchase to tax return.  

(Contact an accountant and/or the IRS for more information.)

Let's get together and talk about your home buying and/or selling plans. Call me at the office 334-347-3140 or on my cell phone 334-301-4580 or send me an e-mail franfrenda@hotmail.com, we'll set-up a time that is easy and convenient for you to meet.