Monday, March 30, 2009
Home Tax Credit!
Right now is the perfect time to build or buy a home if you havent owned a home in the last 3 years! The IRS is offering a tax credit of $7500 to anyone that meets that critera. The tax credit is a no interest loan to the IRS and is paid back over 15 years, at $500 a year. The loan will either be credited to your tax that is owed or will be paid back with the refunded amount. So even if you dont owe any taxes, you will still get the $7500 back as a refund. This is the perfect way to invest in your home with remodeling or building, and not have to pay any interest on the money. You can learn more about the tax credit at http://www.irs.gov/newsroom/article/0,,id=186831,00.html. Most common tax software as well as most accountants will be aware of the tax credit, and they will be able to file for it. Please call with any questions.
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