Rules for 2009 Tax Credit for First Time Homebuyers

¢       Does NOT have to be repaid UNLESS the home is sold within 3 Years
¢       You must NOT have owned a home in the previous 3 Tax Years
¢       Available for homes purchased between 1/1/09 and 12/1/09
¢       You DO NOT qualify if: You are an individual with an adjusted gross income of 75K or higher, or, are married with a combined adjusted gross income of 150k or higher.
¢       Tax credit is for up to 10% of the purchase price up to a maximum of $8,000
¢       The Tax Credit can be taken on 2008 taxes even when the purchase is made in 2009.

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
AIM: markjgracy
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valley MA