Tax Credit for First-Time Homeowners in the San Antonio real estate market

Newly enacted legislation now offers you an excellent opportunity to help you achieve your homeownership dreams.

• This one-time tax credit reduces the first time homeowner’s tax bill by 10% of the home purchase price (up to $8,000) for the tax year in which the home was purchased.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 may qualify for the full tax credit. Phases out above those caps ($95,000 and $170,000).
• Eligible homeowners are those who bought their home after January 1, 2009 and before December 1, 2009, and have not owned a home in three years.
• If home is sold within three years of purchase, entire amount of credit is  recaptured on sale. Applies only to homes purchased in 2009.

 

For more information regarding this tax credit  and the opportunity for a no-obligation consultation, complete this form.

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