You may be familiar with the first-time homebuyer tax credit of up to $8,000. Now current homebuyers who have lived in their home for five consecutive years of the past eight can take advantage of their own tax credit of up to $6,500. This credit does not have to be repaid as long as you live in the house you purchase for at least three years. Time is of the essence as a purchase agreement must be signed by April 30, 2010 and close by June 30, 2010 to be eligible. Call Ann Marie Breuer at 612-685-8811 or Scott Breuer at 612-328-8348 today for more information.
