It’s true… and the important date you need to know right now is that you must have a binding sales contract in place BEFORE May 1, 2010 in order to qualify for the home buyer tax credits… and for long time homeowners you have to “close” on or before June 30, 2010.
The long time homeowner tax credit is $6500.00 compared to the new home buyer tax credit of $8000.00. There’s a lot of information to take in. We’ve provided a link to a page on the IRS site outlining the details of the tax credit for homes purchased in 2009 and 2010.
But if you need a crystal clear explaination, please don’t hesitate to contact us – we’re standing by ready to assist and answer any of your questions… April 15 is right around the corner – let us help!