Homebuyer Tax Credit continues for U.S. military personnel
July 22, 2010
Take advantage of the homebuyer tax credit extension for members of the military in one of the best times to buy in years!
Who qualifies for the military homebuyer tax credit extension?
Members of the uniformed services, members of the Foreign Service and employees of the intelligence community who served on qualified official extended duty service outside the U.S. for at least 90 days during the period beginning after Dec. 31, 2008 and ending before May 1, 2010.
How much is the credit?
First-time buyers receive up to a credit of $8,000. Long-time homeowners receive up to a credit of $6,500.
What is the new deadline for using the tax credit?
Eligible homebuyers must enter into a binding contract to buy a principal residence on or before April 30, 2011. The taxpayer then has until June 30, 2011 to close on the purchase.
Which properties are eligible?
Any single-family home (including condos, co-ops, townhouses) that will be used as a taxpayer’s primary residence.
Contact Modern Homes, Inc. for more details. If you have specific further questions or need further assistance, please contact a tax professional or the Internal Revenue Service.
Simonton Replacement Window Incentive
July 16, 2010
Looking to replace the windows in your home? Now may be the time to upgrade the the premium Simonton Reflections 5500 series windows. Here are a few reasons why!
1) Recieve a free upgrade to Low E 366 and also to the Super Spacer System (which is an upgraded glass spacer system). (limited time offer)
2) Receive $150 credit for your 2010 tax preparation @ HR Block with an eligible purchase.
3) Receive your Energy Tax Credit!
For any questions on Simonton Replacement Windows, Contact Modern Homes, Inc.
Get your Energy Tax Credit, while it lasts!
July 1, 2010
You can receive up to $1500.00 tax credit for eligible upgrades to your home.
You can upgrade the efficiency of your home and save money in the long term on your utility bills and receive a Federal Tax Credit for completing the upgrade.
Items would include HVAC, Insulation, Doors & Windows, Water Heaters & Roofing. There are other items eligible, including solar upgrades that are eligible for the credit.
Review the Energy Star website for tax credit @ http://www.energystar.gov/taxcredits or Contact Modern Homes, Inc. for any questions regarding eligible upgrades to your home.
New Home Tax Credit
November 5, 2009
Congress is giving home buyers a $6,500 tax break!
First-time home buyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. The program that was scheduled to expire at the end of November, the Senate voted Wednesday to extend and expand the tax credit to include many buyers who already currently own homes. The House could vote on the bill as early as Thursday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time home buyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
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