First Time Home Buyer Tax Credit
The Worker, Homeownership, and Business Assistance Act of 2009
has encouraged families to purchase new homes by providing up to $8,000 in FREE money.
The money could be used for down payment assistance or as a refundable tax credit when you file your taxes. Currently, the $8,000 tax credit is available only for Active Duty Military. Military who are extended on overseas duty or who have been on active duty for more than 90 days in 2008 and 2009 have until June 30, 2011 to use the credit! Combined with our FieldStone Homes' Home Town Hero Program, many military families can get into the home of their dreams.
Even though the tax credit is no longer available for First Time Home Buyers and current homeowners, FieldStone Homes has many programs available to get you into a new home!
View our current Home Buyer Programs and Specials.
The money could be used for down payment assistance or as a refundable tax credit when you file your taxes. Currently, the $8,000 tax credit is available only for Active Duty Military. Military who are extended on overseas duty or who have been on active duty for more than 90 days in 2008 and 2009 have until June 30, 2011 to use the credit! Combined with our FieldStone Homes' Home Town Hero Program, many military families can get into the home of their dreams.
Even though the tax credit is no longer available for First Time Home Buyers and current homeowners, FieldStone Homes has many programs available to get you into a new home!
View our current Home Buyer Programs and Specials.
* To qualify for the home buyer tax credit, a home purchase must occur on or after January 1, 2009 and 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 the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. Restrictions apply. Paperwork for closing must be submitted in a timely manner to receive tax credit. FieldStone is providing tax information that has been obtained from varying sources and this information should not be considered legal or tax advice. For application of the tax credit,
you should seek the advice of the Internal Revenue Service or your tax preparer. The tax credit is refundable. An advice webpage that explains part of this is at: http://www.federalhousingtaxcredit.com. 11.10.09