ALERT!  Tax Credit Extended

 

First Time Home Buyer Tax Credit Revised!

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.  For qualifying purchase in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. 

 

More information about the guidelines is available on the NAHB website.  Read the HUD mortgage letter and an explanation of the FHA Mortgagee Letter on Tax Credit Monetization. 

 

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Sheldon Dance

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RE/MAX Homestead Realty

3525 Merlin Dr.
Idaho Falls, ID 83404