Theresa Runyan passed along this timely reminder on the first time homebuyers tax credit (remember we have a seminar, open to your buyers and the public, scheduled for Wednesday @ 6 pm in the Brighton office). She wrote: "it's a great way to have a reason to contact our buyers - and prospect - especially since this program is only good for a short time...(who knows, maybe they'll extend it or implement a new program similar - but for now this might create some urgency to purchase in some of our buyers)." She received the following info from an IRS tip e-mail newsletter:
First-time homebuyers should begin planning now to take advantage of a new tax credit. Available for a limited time, the credit:
• Applies to home purchases after April 8, 2008, and before July 1, 2009.
• Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
• Is fully refundable, meaning that the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax that they owe.
Find more detail at http://www.irs.gov/.
YOU CAN SHARE YOUR TIPS WITH THE BLOG, TOO. Submit as a comment online or e-mail lbohlen@previewproperties.com.
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