2010 Homebuyer Tax Credits

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

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A few weeks ago my husband and I started our taxes. They were much more complex this year then any other year but we got through them and am glad they are just about done. One thing we didn’t get to do this year is the 2010 Homebuyer Tax Credits. We are hoping to buy next year and in all honesty I can not wait. I can not wait to won our own home.

Now for those of you who did buy a house this past year it’s important to check out the 2010 Homebuyer Tax Credit. For first-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit. Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit when purchasing a home. There may be no future extensions, so all qualified homebuyers are urged to act and have a written, binding contract by April 30, 2010 (close by June 30, 2010.) Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.

I was paid to write this post. All opinions are my own