$8,000 Cash + Boyd Bucks!*
Congress gives first-time home buyers the opportunity of a lifetime, and Boyd Homes is making it sweeter.
Congress just made it $8,000 easier to purchase the home of your dreams! If you're a qualified first-time home buyer, you are eligible to take advantage of a limited-time $8,000 tax credit. And that's not all ... in addition to your $8,000 tax credit, take advantage of 'Boyd Bucks' to cover your closing costs!*
Tax credit, tax deduction, cash back ... what is it? Technically speaking, it's a tax credit. It is not a deduction, that is only useful for those who itemize deductions on their taxes. A simpler way to understand it, is to relate the following scenarios to your particular situation:
Suppose you are due to receive a tax refund of $2,000 from the Federal Government, and you meet the criteria for the full $8,000 First-Time Homebuyer Tax Credit, you would receive a check from the Federal Government in the amount of $10,000.
Suppose you owe taxes, in the amount of $2,000, to the Federal Government, and you meet the criteria for the full $8,000 First-Time Homebuyer Tax Credit, you would receive a check from the Federal Government in the amount of $6,000.
Who is eligible? All first-times homebuyers, who purchase (close) a home between January 1, 2009 and December 1, 2009 are eligible for the tax credit. A first-time homebuyer is defined as someone who has not owned a principal residence during the 3 year period prior to the purchase date.
Can I get the $8,000 now, instead of waiting until I file my 2009 taxes? Yes, it is possible to expedite the receipt of the money. If you close on a new home before you file your 2008 taxes, you can claim the credit on your 2008 taxes. If you have already filed your 2008 taxes, you can file an amended return as soon as you purchase your new home. Talk to your tax professional to determine the best route for your situation.*
To find out more about the First-Time Home Buyer Tax Credit, visit www.federalhousingtaxcredit.com.
*Must use builder's preferred lender and attorney to take advantage of Boyd Bucks. May not be combined with any other bonus or incentive. Offer may be withdrawn at any time. Restrictions apply, see representative for complete details. The information contained above is for informational purposes only, and does not constitute legal or tax advice.
RENT TO OWN!*
Stop throwing money away!
*Offer available on selected homes. Terms and restrictions apply.
Contact Tiffany McDaniel (757-870-5587) For More Information
All Boyd Homes Communities!
ALL CLOSING COSTS PAID!*
*Must use builder's preferred lender and attorney. Offer good at listed communities. See representative for details.
