Arizona Home Talk

So here is the scoop on the $8,000 home buyer’s tax credit in the 2009 stimulus bill.

• It is for First Time homebuyers (those who haven’t owned a home in 3+ years).
• It is NOT an interest-free loan like the 2008 $7,500 credit that had to be paid back.
• It does NOT need to be paid back unless you sell your home within 3 years.
• It applies to single family residences (& condos, townhomes) that will be used as a primary residence.
• Applies to purchases made between Janurary 1, 2009 and December 1, 2009.
• Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).

Check with your tax professional for other details and your eligabilty.  I’m a Realtor, not a IRS know-it-all.

Shop for a phoenix-meto area home with the coolest search on the web - test it out for free HERE.  Let me know if I can be helpful to you!  Remember, it costs you nothing to have a realtor dedicated to your home-buying goals (full-time!) - Becky