Tax Credit for Indiana’s First Time Home Buyer

On February 22, 2009, in Tips And Advice, by Dave Woodson

Written by: Dave Woodson |

Indiana - (219)872-8000

The Stimulus Bill was pass earlier this week and there are some good points to it after all. The good news is for the First Time Home Buyer in Indiana, with the $8000 Tax credit. (that you do not have to pay back)

Here is a Quick Summary:

- First Time Buyer means Haven’t owned a home in last 3 years.
- Buy house/condo between Jan 1 and Dec 1, 2009
- Use home as primary residence for next 3 years.
- Get 10% of home price up to $8000 tax credit.
- May elect to take in 2008 or 2009 taxes. May amend 2008 return if already filed.
- Get cash from the government even if no taxes owed.
- Never have to pay back, unless you sell in the first three years of owning the home.

Now, if you add in the fact that rates are near historic lows. Really, there have never been a better time to buy a new home. To be approved call me or click the apply link above.

Happy house hunting