Tax Reform Can Help You Buy A Home In New Bern!
August 4th, 2008 Categories: North Carolina Mortgage News
Now that a new tax bill has been passed, maybe you can buy that new home you have always wanted to buy!
On July 30th 2008, The President of The United States signed a bill that will help our housing economy get back on it’s feet, or will it?
This new bill HR 3221 called Housing and Economic Recovery Act of 2008, will provide tax breaks for the first time home buyer.
The first time home buyer will receive a tax credit equal to 10% of the purchase price of their home up to $7,500 but this is temporary and will need to be repaid.
This credit is also tied to ones adjustable Gross Income and there is a time limit in which to buy your home.
To Read More About this New Tax Law go to this web site.
