Tax Credit Program

Learn how the home buyer tax credit can benefit you.  Ron Shuffield, President of EWM Realtors explains.

Click here to view the embedded video.

For more information contact me at (305) 329-4929 or solovay.m@ewm.com.

American Recovery and Reinvestment Act of 2009

Eligible buyers must close by December 1, 2009 so it’s important to select a residence soon to make sure you don’t get left out.  The credit applies to first-time homebuyers, as well as individuals who have not owned a principal residence in the 3-year period prior to the purchase, and applies to homes purchased between January 1, 2009 and December 1, 2009.  The tax credit is equal to 10% of the purchase price, but capped at $8,000.  Certain income restrictions apply so be sure to visit www.irs.gov to learn more about eligibility requirements and limitations.

The credit:

• applies to purchases that close before December 1, 2009
• applies only to homes used as the taxpayer’s principal residence
• reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar
• is fully refundable, meaning the credit will be paid out to eligible tax payers, even if they owe no tax or the credit is more than the tax owed

Recovery:  First-Time Homebuyer Credit

First-Time Homebuyer Credit Questions and Answers: Basic Information

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com

Is buying new underwear a sign of economic times?

Take a look at this video by Adam Kuperstein of NBC Miami.

I never really thought about it this way, but it makes sense.

Let me know what you think about this and leave me a comment.