Highlands Ranch Real Estate Information

Tuesday, June 23

First Time Buyer 2009 Tax Credit

Whether you're looking for Highlands Ranch Real Estate or somewhere else in Colorado, the tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The tax credit does not have to be repaid.

The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Call Sandi 303.913.9993 for more details.