Tax Advantages & Refunds

Attention Homeowners who have already purchased or plan to purchase a new home without selling their current home! You MAY be able to keep the homestead exemption and SAVE on taxes for BOTH your old home, if it’s not sold, AND your NEW home! Click here for the state form.

Already sold your home? Looking to sell now?  Let Anne help you KEEP more money in your pocket!  Did the value of your home drop from when you purchased it? You MIGHT qualify for the transfer tax exemption and could possible file for a refund if you paid state transfer tax at closing! Call Anne to see if you qualify! Click here for the state form.

Tax Credit Highlights:

Detailed information regarding the tax credits can be found here.

Not only is this good news to buyers looking to purchase before April 30, 2010 this is GREAT news for sellers who are marketing their home.

• Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500.
• First-time homebuyers — 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.
• The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000
• The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the United States for at least 90 days