You May Qualify For A Home-Buyer Tax Credit | Valerie Fitzgerald | Beverly Hills & West L.A. Real Estate | Westside Los Angeles & Beverly Hills Real Estate Blog

You May Qualify For A Home-Buyer Tax Credit | Valerie Fitzgerald | Beverly Hills & West L.A. Real Estate

November 11th, 2009 Categories: Real Estate Tools

Millions of additional people may be able to take advantage of the new and improved first-time home-buyer tax credit now, and it’s not just for first-time home buyers anymore. You may qualify. President Obama signed legislation Friday to extend unemployment benefits to American workers. The law also includes provisions that vastly expand the number of people eligible for home-buyer credits by boosting the income eligibility limits, giving buyers more time, creating a $6,500 credit for longtime homeowners and launching more-accommodating rules for members of the military. Here are the details. The $8,000 creditIf you were locked out of the first-time home-buyer credit in the past simply because you earned too much, there’s good news. Now you can qualify for the full $8,000 first-time home-buyer credit with a single income of up to $125,000 and married income of up to $225,000. Those who earn more will be phased out. Read the rest of the story at Valerie Fitzgerald Group.From the Los Angeles Times.The Valerie Fitzgerald Group specializes in luxury residential real estate in Beverly Hills, Bel Air, Brentwood, Santa Monica and Malibu. Valerie has more than 20 years of real estate experience and is known for her solid reputation in the West Los Angeles brokerage community. She’s also the author of Heart and Sold: How to Survive and Build a Recession-Proof Business.

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