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The tax credit was extended for 1st time home buyers until April 30th, 2010.  You have to have a pending contract by that date and close on the property by July 1st, 2010. The amount of the credit is $8000.  The residence you purchase has to be used as your primary residence.  The income qualifications are $125,000 for singles and $225,000 for married couples.  There are some phases out stages but I would suggest your talk with your tax professional about this if it applies to you.  The purchaser must attach documentation of purchase to the tax return.  There are no many days left so get a property under contract soon.

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April was the best! I don't know what we would have done without her as first time home buyers!
   -- Jody Lambert, Carolina Beach, NC

 

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