If you are a first-time homebuyer, you can receive an $8,000 tax credit for your home purchase. Like the TV ads say, "But wait, there's more!" FHA is working on sorting out a way to allow buyers to use that tax credit as a loan/down-payment! Details aren't finalized, but keep that in mind as you get out there and look at houses. Likewise, eligible properties for sale in Georgia will allow you to take an $1,800 deduction on GA taxes as well!
So is $9,800 too small a sum for you? What's it going to take?
Wednesday, May 27, 2009
Tuesday, May 12, 2009
Governor Sonny Perdue signed HB 261 into law yesterday; Georgia homebuyers now have SIX MONTHS to buy a home and 'earn' a $1,800.00 tax credit. Read the press release entitled "Governor Signs Housing Tax Credit Championed by Sen. Pearson" here