Thomas Santore The Best In Real Estate

  #3 - The First Time Home-Buyer Tax Credit!!! #3 Do you know how to apply the First Time Home-Buyer Tax Credit? When you do you tax return you will need to fill out the form known as IRS Form 5405 to determine what you qualify for. Then on your 1040 Tax form, line 69, you need to put the amount from form 5405. No other forms ...

The First Time Home-Buyer Tax Credit!!! #2How do you calculate the new tax credit? Basically the Tax Credit that you can receive is determined by the price of the purchase and your income. If the purchase price is under $80,000.00 and you are single with an adjusted gross income of up $75,000.00 you will receive up to 10% of the sale price. ...

The First Time Home-Buyer Tax Credit!!!What makes you a FIRST TIME HOME-BUYER? Well the Government has a very wide view of who qualifies as a FIRST TIME HOME-BUYER. It is said to be someone who has not owned a home as their PRINCIPAL RESIDENCE for the last Three Years. IF A COUPLE THAT IS MARRIED AND ONE OF THEM HAS OWNED A HOME BUT THE OTHER HAS ...

Selling Your Vacant Land, Fall is the perfect time to sell!!!! Selling Your Vacant Land, Fall is the perfect time to sell!!!! When most buyers look at vacant land in the Spring and Summer they have trouble envisioning what a home would look like on the Vacant Land. This is because the leaves and bushed block their vision of the property When ...