Spring is here, and that means that it's time for two of my favorite things: Buying houses, and not paying taxes.
That can be combined into one simple action this year by taking advantage of the Home Buyer Tax Credit that was extended, and expanded, for 2010, and now includes a $6,500 Tax Credit for people aren't first-time buyers but who want to move up or down in homes.
If you've lived in your current home for 5 years or more, and are thinking about moving, now may be the time: The $6500 tax credit is available to those who've lived in their home for 5 of the past 8 years, and who make less than $125,000 (for singles) or $225,000 (for married couples.)
And, of course, there's still the credit out there for new buyers who haven't owned before, or haven't owned a house in the past 3 years -- those people might get up to $8,000 for buying.
The credit may not be extended again, and if you don't take advantage by having a written binding contract in place by April 30, 2010 (with a closing on or before June 30, 2010), you might miss out on this opportunity.
Watch the video for more information, and click that link, above, to find out more.
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