Credit
Existing home owner $6500 tax credit questions
Some questions are answered regarding the existing or step up buyer home owner tax credit. First time home buyers still receive $8000 through April 30 2010 and some existing homeowners now qualify for a $6500 tax incentive. As long as they have lived in their previous home for at least five consecutive years out of the last eight years. If you are a step up buyer or an existing home owner or a repeat buyer you may now qualify for a 6500 dollar tax credit. You should always check with you tax adviser before making a decision to buy or sell real estate. Neither of these two tax credits do not need to be repaid. For more information you can emai me at johnirion@remax.net