Your Experienced Real Estate Professional for Grand Island and Doniphan, NebraskaSpecializing in residential, townhome/condo, new construction and existing home sales
Restrictions Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase.
Income Phase out
-Single – AGI between $75,000- $90K
-Joint – AGI between $150,000-$170K
Must be principal residence - owner occupied, single family home.
-can be condos, townhomes.
Non Qualifying purchases – from related parties or from an estate of a relative, or inherited property.
How Do I claim the credit?
- Form 5405 on 1040 income tax return
-2009 return
-extension on 2008 (due October 15th)
-amend your previously filed 2008 return
-Modify W-4 withholdings to take advantage of more take home pay.
For more information, go to:
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