Home Buyer Tax Credit Extended and Expanded

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Drool, Britannia? Is the UK Failing the Cloud?

By Roger Strukhoff

Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.

Jan. 8, 2012 11:38 AM EST

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Home Buyer Tax Credit Extended and Expanded

By: Bryan J. Lima

Nov. 6, 2009 09:58 PM

Today it was made official by Obama as he approved the extension and expansion of the homebuyer's tax credit. For first-time homebuyers, the credit of up to $8,000 has been extended through April 30, 2010. In order to qualify, you must have a written contract in place by April 30th, 2010 and close the transaction before July 1, 2010. In addition, the income limits for first-time homebuyers was increased to $125,000 for a single person and $225,000 for a married couple. Individuals earning up to $145,000 and married couples earning up to $245,000 will be eligible for a partial credit.

The program was also expanded to buyers who are current home owners and have lived in their home for five of the past eight years. However, these buyers will only receive a $6,500 tax credit.

For a fact sheet on the above program, click here.

If you have any other questions about the Home Buyer Tax Credit, feel free to contact me anytime. Or if you know anyone that may need the services of a Realtor, I always welcome and appreciate referrals.

Visit www.BryanLima.com today for information on buying and selling real estate in New Jersey.

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About Bryan J. Lima
I have been a licensed REALTOR® with DeFino Realtors since 2005. I am a member of the RealSource Association of REALTORS® and the New Jersey Multiple Listing Service. I am also the in-house Mortgage Specialist with a concentration in residential mortgages. I received a Marketing degree from William Paterson University in 2004 and my extensive background in Marketing and Finance help me provide exceptional customer service to all my clients. I have been living in Bergen County, New Jersey for over 33 years and currently reside in Oakland with my wife Tami and two sons Bryan & Alex. I am available anytime by phone or email. Please feel free to visit www.YourWyckoffRealtor.com to find out more about how I can assist you with all your Real Estate needs.