Tax Credit
Administrator December 2nd, 2008
Up to $8000 Federal Tax Credit
The best chance to own your first home. Up to a $8,000 federal tax credit available from the U.S. Government when you buy a Centurion home.
Heard about the new tax credit for qualified new homebuyers? Centurion is here to answer your questions about the first-time homebuyer tax credit and help you make the most of this unique opportunity.
Am I eligible?
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009, and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010, will qualify.
For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.
The income limits for sales occurring on or after January 1, 2009, and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.
For additional eligibility requirements, visit www.FederalHousingTaxCredit.com.
Am I entitled to the full $8,000 tax credit?
It depends on the price of your home and your adjusted gross income (as outlined above). The credit amount is 10 percent of the purchase price of your home, not to exceed $8,000.
What other tax credits could I qualify for?
MOVE-UP / REPEAT HOME BUYER TAX CREDIT
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up / repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009, and on or before April 30, 2010 (or purchased by June30, 2010, with a binding sales contract signed by April 30, 2010).
How can Centurion help?
With more than 20 years of homebuilding experience, Centurion has helped families just like yours realize the American dream of home ownership, and with offers like the first-time homebuyer tax credit, this is a great time to buy.
For additional details on the federal tax credit, click here.
Don’t miss out - visit a Centurion neighborhood today to take full advantage of this unique opportunity!
* The Centurion Companies does not advise on any personal income tax matters or issues. The information provided here is for general information only and does not represent tax or legal advice (either express or implied), nor should it be a substitute for professional tax or legal services and/or advice. We strongly urge that before you purchase a home that you seek advice from a professional advisor that is familiar with your personal facts and circumstances. They can assist you in determining whether you qualify for the new credit and the amount available to you. This material shall not constitute a valid offer in any state where prior registration is required or if void by law.
