For Buyers, For Sellers, Homebuyer's Tax Credits

Guidance on New $6,500 Tax Credit for Repeat Home Buyers

If you have questions about the the $6,500 tax credit for repeat home buyers, the IRS has published guidance to help consumers better understand the requirements.  This Washington Post article gives an explanation of the credit and provides a link to the IRS for more information.  A little research led me to this IRS link IRS link which provides the most information.  As always we recommend that you consult with your accountant to determine if you are elegible for the credit.  I might be a good idea to print the information found at these links and take to your accountant so that you can have any issues in the articles addressed.   Our staff is ready to help you with your home purchase whether you are a repeat buyer or and first time buyer looking to take advantage of the $8,000 first time homebuyer tax credit.