First Time Home Buyer Tax Credit Details for Spartanburg

by on November 13, 2009
in Boiling Springs Home Buyers, First Time Home Buyer

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First-Time Homebuyer Tax Credit

Here are the latest details on the government sponsored tax credits for new home buyers and existing home owners living in their current Spartanburg and Boiling Springs area residence for 5 consecutive years over the last 8 years. Read and use the links below to learn about this potentially valuable resource.  If you have any additional questions feel free to call me for help.
Updated Nov. 6, 2009, to reflect new legislation — more to be added soon

New Legislation

New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

  • Extends deadlines for purchasing and closing on a home.
  • Authorizes the credit for long-time homeowners buying a replacement principal residence.
  • Raises the income limitations for homeowners claiming the credit.

Under the new law, an eligible taxpayer must buy Read more..

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