Home Buying Tax Tip
Some of you may still not be aware that there is help out there for you, if you'd like to own a home, but haven't had the opportunity to do so, for whatever reason. One of the options comes from the government in the form of a tax credit that appears on your federal income taxes for the 2009 year. The way this works is, if you are a qualified buyer who has not owned the home you live in for the past three years, you may be eligible for up to an $8,000 tax credit if you buy a home on or after January 1, 2009 and before December 1, 2009. There are some states that even have tax credit loan programs to help with down payment or closing costs.
Now, I know it is getting awful close to the end of the year and thus, the deadline to take advantage of this offer, but there is a great need for the government to extend this deadline because many more people would take advantage of this opportunity if they were just told about it and then had more time to act. There have been requests made for this extension from the government, so we'll all keep our fingers crossed and hope they act soon. In the meantime, if you meet the qualifications I referenced above, don't waste another minute. Start looking around today for your new home!!! The Miller Housing Group is here to help you achieve your dream by helping you get your credit repaired, if it has been damaged by the recent economic situations, and we'll also help you build up your monthly income to afford the payments on your new home. What are you waiting for? Go!!
This article is brought to you by the PJ'S Team at the Miller Housing Group.
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