The first-time homebuyer tax credit was just extended!
Thinking about building a new home? You may be eligible for an up to $8,000 tax credit from Uncle Sam. To qualify, you must contract by 04/30/10 so that you can close by 06/30/10! So hurry to a Centex neighborhood near you today!
Centex has some information about the home-buying tax credit.
Am I eligible?
If you have not owned a home in the past three years, you may qualify. That’s right, even if you or your spouse owned a home more than three years ago, you are still considered first-time homebuyers and may qualify for the tax credit.
Existing homeowners thinking about moving to a Centex home may also be eligible for an up to $6,500 tax credit.
(For details, visit FederalHousingTaxCredit.com.)
Am I entitled to the full $8,000 home-buying tax credit?
It depends on your modified adjusted gross income (MAGI) and current eligibility.
How does the home-buying tax credit work?
It is a direct tax credit that reduces the amount of taxes you owe. It’s different from a tax deduction, which only reduces the amount of your income that is subject to tax.
If your eligible tax credit is more than what you owe in taxes, the balance will be refunded to you. (See an example scenario at FederalHousingTaxCredit.com.)
This is not a loan. You do not have to repay this tax credit.
How long does the program last?
The federal home-buying tax credit applies to homes contracted for sale by 04/30/10 and closed on by 06/30/10.
Whether you build with us or take advantage of one of our quick-move-in homes, time is of the essence! Start your home search today!
The tax credit can be claimed on your 2009 or 2010 tax return.
How can Centex help?
Today’s historic low interest rates plus our low prices equate to low monthly payments. In fact, the monthly payment on your new Centex home could be less than your monthly rent!
Centex is a better way to a better home. And this is a great time to buy.
With more than 50 years of home building experience, Centex has helped thousands of people just like you realize the American dream of homeownership.
For additional details on the federal home-buying tax credit, visit FederalHousingTaxCredit.com.
See Special Offers in:
Federal tax credit of up to $8,000 available to qualified first-time homebuyers. Federal tax credit of up to $6,500 available to qualified current homeowners who are purchasing a new principal residence and have owned and resided in a principal residence for any five-consecutive-year period during the last eight years. Qualification for tax credit based upon first-time homebuyer status/current homeowner status, modified adjusted gross income, purchase price of home and other IRS qualifications. Both tax credits are subject to conditions and restrictions. Both tax credits are only available for a limited time. General information is available at www.FederalHousingTaxCredit.com. Centex does not advise on any personal income tax matters or issues. This information is provided for general awareness only and is not intended for the purpose of providing legal advice, accounting advice, tax advice or consulting advice of any kind. See a tax advisor for complete details. We strongly urge that before you purchase a home, you seek advice from a professional that is familiar with your personal facts and circumstances. They can assist you in determining whether you qualify for the new credit and the amount available to you. Prices subject to change without notice. Prices listed are base prices, and lot premiums may apply. This material shall not constitute a valid offer in any state where prior registration is required or if void by law. Photograph is for illustrative purposes only and is not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. Contact a sales associate for details. © 2010 Pulte Homes, Inc.