Real Estate Professionals
Home Buyer Tax Credit
Home Buying Programs in Utah
The Worker, Homeownership, and Business Assistance Act of 2009
is encouraging families to purchase new homes by providing up to $8,000 in FREE money. You can use the money for down payment assistance or
as a refundable tax credit when you file your taxes. If you make $125,000 (filing single) or $225,000 (filing married) and are a first-time home buyer or current homeowner, you are one step closer to see if you
qualify for up to $8,000 in tax credit dollars back to you!
First Time Home Buyer - Get up to $8,000!
The first time home buyer credit had now been extended until June 30, 2010. Take advantage of this opportunity to buy a new FieldStone home!Current Homeowners - Get up to $6,500
If you have lived in your home for at least five of the last eight years, you may qualify for a tax credit of up to $6,500 when you buy a new FieldStone home!To read more about the new home buyer tax credit, check
out the Federal Housing Tax Credit FAQs.
out the Federal Housing Tax Credit FAQs.
* To qualify for the 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
