Times is Running out for Homebuyer Tax Credits

Are you a first time homebuyer? If so, time is running out for you to qualify for the $8,000 first time homebuyer tax credit. The deadline is November 30, 2009!

The $8,000 tax credit is a credit offered to any first time homebuyer purchasing a home before November 30 of this year. A first time homebuyer is a buyer who has not owned a home in the last 3 years. If you have not, you are eligible for a 10% tax credit, up to $8,000! The government is giving you free money.

You can claim your $8,000 on your 2009 federal income tax return. If you do not owe the government any money, they will send you a check! For complete details on this tax credit, visit Federal Housing Tax Credit.

Also, available in Georgia is an $1800 tax credit. This credit can be used by all homebuyers, not just first time homebuyers. The tax credit is 1.2% of the purchase price of your home, up to $1,800. This credit works a little differently. You can claim it on you Georgia state tax return, but you will claim a 1/3 of it over the next 3 years.  For more information visit the GA tax credit site.

In addition to saving $8,000 on your taxes, homebuyers can save up to $85,000 off the price of a Circle 75 townhome! These homes are in move-in ready condition so you can be sure of a quick settlement.  There are no risky delays at Circle 75 that could imperil tax credit. As you can see, there isn’t much time for you to take advantage of the free money our government is offering, so hurry