$8,000 tax credit extension approved past 2009
The “Worker, Homeownership and Business Assistance Act of 2009” was signed into law on November 
6, 2009, extending the first-time homebuyer tax credit.
Bill HR 3548 now allows first-time buyers to claim up to $8,000 for single or married taxpayers filing jointly if they close on the purchase by midnight June 30, 2010. The buyers must be under contract no later than April 30, 2010.
The bill also allows current home owners (or move-up buyers) to take advantage of receiving a $6,500 tax credit if they have lived in their home for the last five out of eight years. This addition to the bill could help stimulate the housing market tremendously and yet still keep overall home prices down, most economists are predicting.
Some of the other changes to the bill include income limits which have increased up to $125,000 annual income for single or $225,000 for taxpayers filing jointly. For more information on this tax credit or with any other questions please give me a call at 843.343.4792, a text or an email at drew@drewsineath.com. Now is a great time to consider selling your home and purchasing a new one or purchasing your first home. Let us help! Stay safe and be blessed!
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Drew Sineath – A Familiar Face…And a Rich Lowcountry Heritage Drew Sineath & Associates, Inc., is located in the heart of Goose Creek where Drew grew up and where he has chosen to rear his own family. Berkeley County is one of the fastest growing areas in South Carolina and Drew is pleased to be able to serve his clients in helping with all their real estate and mortgage needs. So when you have any real estate needs, whether you’re looking to buy, sell, finance or refinance, Drew Sineath & Associates is now a local one-stop location with excellent service.
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