December 1- April 30, 2010
Rules as enacted
November 2009
Jan 1- November 30, 2009
Rules as enacted
February 2009
$8000
($4000 married-filing separate)
$8000
($4000 married-filing seperate)
May not have had an interest
in a principal residence for 3
years prior to purchase
SAME
$6500
($3250 married filing separate)

No Provision

No Provision

Date of Enactment
Must have used the home sold or being sold
as a principal residence consecutively for 5 of
the previous 8 years

No Provision
Purchases after November 30,2009.
(Becomes April 30, 2009 on
Date of Enactment.)
Purchases after April 30, 2010

None
 So long as a written binding contract to
purchase is in effect on April 30, 2010, the
purchaser will have until July 1, 2010 to close.
$75,000 - single
$150,000 - married
Additional $20,000 phase out
 $125,000 - single
$225,000 - married
Additional $20,000 phase out

None
Limitation on Cost of
Purchased Home
$800,000
Effective Date of Enactment

No Provision
Purchase by a
Dependent
Ineligible
Effective Date of Enactment
Purchaser must attach
documentation of purchase
to tax return
Anti-Fraud Rule
None
CALL ME WITH QUESTIONS...BE GLAD TO HELP!
(936) 525-7865
EMAIL:  MyAprilSound@yahoo.com


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WELCOME PAGE
HOMEBUYERS TAX CREDIT CHANGES
Congress has extended and expanded the homebuyer tax credit!
Contracted by APRIL 30th, 2010 - CLOSE by July 1st, 2010
FEATURE
FIRST-TIME BUYER
Amount of Credit
FIRST TIME-BUYER
Definition for
Eligibility
Current Homeowner
Amount of Credit
Effective Date
Current Owner
Current Homeowner
Definition for
Eligibility
TERMINATION
OF CREDIT
BINDING
CONTRACT RULE
Income limits
(NOTE:  Increased
income limits are
effective as of date
of enactment of bill)