How to Use the Home Buyer Tax Credit to Invest, Buy for Someone, or Downsize.mp4
Joseph Rand of HomeBuyerTaxCredit.com explains how to use the “step-up” Home Buyer Tax Credit to get a start in real estate investing, the first-time Home Buyer Tax Credit to help someone buy their first home, or Downsize to a smaller home as part of a retirement.
The Home Buyer Tax Credit provides to eligible home buyers of 10 of their purchase price up to $8,000 for first-time home buyers and $6,500 for “step-up” buyers who are long-time homeowners. The program is only available for buyers with incomes below $125,000 for single taxpayers and $225,000 for married couples filing jointly, although those with incomes within $20,000 of those limits can get a partial tax credit. The program is available for buyers who are in contract by April 30, 2010 and close by June 30, 2010.
For more information, and an Eligibility Test to see if you qualify, visit www.homebuyertaxcredit.com.
Duration : 0:7:39