The following is a sponsored post, which I think any of my readers who buy new homes!
Today I discovered a website that says that there is a $6,500 Tax Credit available to some people who buy new homes this year. You may be eligible for this if:
- You are buying your first home.
- You are buying a home, and you haven't owned a home in the past three years.
- You have lived in a home for five years and you are ready to move on.
I'm pretty sure this covers a lot of people right now. Maybe you're living in an apartment or a small house, and you've been dreaming of finding a home where each of your kids could have a bedroom, or maybe you're hoping for a playroom, or just a bigger backyard, or a better neighborhood. This may be the big chance you've been waiting for!
The only bad news is, you're sort of running out of time right now, because a written binding contract has to be in effect by April 30, in order for you to get the tax credit. (If you get the binding contract written by then, you'll have until June 30 to actually close on the purchase.
There is an income limit on this: $125,000 for singles, $225,000 for married couples.
I hope this info helps some of my readers! There is also a video you can watch for more information.