$7500 Tax Credit For First Time Homebuyers:

If you are a first time homebuyer, you now have the opportunity to receive up to $7,500 in the form of a tax credit when purchasing a home. This combined with today’s low interest rates, amount of available homes, and low prices make it easy to see why you should act now.

TAKE ADVANTAGE TODAY!

• 1. Purchase a home before July 1, 2009.
• 2. When filing your taxes the following year you will be able to deduct the $7,500* tax credit from what you owe. Meaning if you owe $2,500 you would still receive a credit of $5,000. If you owe nothing, you will receive the full $7,500 credit.*
• 3. Two years after the tax credit is claimed you will begin paying back the tax credit at $500 a year without interest over the next 15 years or when the home is sold.

For complete details on the $7,500 tax credit click here.

*Based on full tax credit of $7,500 being awarded. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for full tax credit. For complete details on tax credit program click here. Marketed by Wolverton Homes.