New Bill Offers a Tax Credit for Current Homeowners

Yes, you read that correctly, the new bill offers a tax credit for current homeowners looking to replace their primary residence. There are some special requirements to take advantage of the Existing Homeowner Tax Credit.

1.  You must have owned and occupied your existing home for 5 out of the last 8 years.

2.  The tax credit for existing homeowners is $6,500 instead of $8,000.

3.  The new home must be less than a $800,000 purchase price.

[Deleted for self promotion]

Great news for prospective home buyers First Time Home Buyers and Existing Home Owners looking to purchase a new home!

  • November 09 2009 - Travis
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