$8000 Tax Credit WILL make you smile

What’s better than the $400 to $800 rebate taxpayers will be getting as part of the Recovery Package?  An $8000 tax credit for first time homebuyers in 2009.

Here’s an example of how it works. 

If you owe taxes, let’s say $10,000, then if you’ve purchased a home between January 1, 2009 and December 1, 2009 you can deduct $8000 directly from your tax bill, and owe $2000.  If you owe $4000 in taxes, then you will pay ZERO, and the government will send you a check for $4000.  And even better yet, you may decide whether you want to apply the credit in 2008 or 2009, even if you’ve already filed your 2008 tax return.  (Remember to see you tax accountant, CPA or attorney to verify the ins and outs of this plan).

So, if you’d like to put a smile on your face, and you’re in the market for a home, then this year is the time to buy.  We’ll be doing seminars, and teaching first time homebuyers how to do this in Oceanside and other San Diego communities.   Come see us at the North County Business Showcase at the Del Mar Fairgrounds on March 10, or email us for information.  If you want to start looking for homes, then check out our easy to use Home Search at www.DonReedy.net