Understanding the updated information
on the Tax Credit for Home Buyers
When:
(Registration begins at 5:30PM)
Where:
Speaker:
Please RSVP by calling Fidelity Bank at 866.488.4636 or email at rsvp@fidelitybankonline.com
The basics of the $8,000 Home Buyer tax credit and what defines a First Time Home Buyer and the basics of the new $6,500 tax credit for current homeowners that have lived in their home for at least 5 years that want to buy another home (to live in). Clarify qualifying criteria including:
Income limitations•
Deadline(s) – when a buyer needs to have a signed P&S and when the buyer needs to close
Different ways of filing for the tax credit (Amend 2008 tax return or file in 2009)
How to determine eligible tax credit when buying a 2, 3 or 4 family home
Scenarios (IRS.gov has a list of scenarios explaining different situations. For example, if a First Time Home Buyer is buying and his father co-signs the mortgage, is the First Time Home Buyer still eligible for the tax credit?)
Who is not eligible? (ie. Buyers that buy a home from a relative)
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