So Important it needed to be reposted!!!!! St Cloud Mn area real estate buyers please read!
ATTENTION HOMEBUYERS: $7500 Homebuyer Tax Credit
A tax credit of as much as $7,500 can provide opportunity for many homebuyers due to newly enacted legislation.
Homebuyers who close on a home between April 9, 2008 to July 1, 2009 may be eligible. There are a few requirements:
you must be a buyer who fits the description of a "first time homebuyer" this is defined as
as a buyer who has not owned a principal residence during the three-year period prior to the purchase
in order to qualify for the full $7500 a single person may not earn over $75,000 and for married persons the limit is $150,000 per year
The credit works like an interest free loan and must be repaid over a 15 year period
This is a very brief description of the program, for the full details please check out http://federalhousingtaxcredit.com/ or contact your tax professional.
