You must have a contract in place by April 30, 2010 and close by June 30, 2010 to qualify for the Federal Tax Credits. OneRiverside has finished units, ready to close.
First Time Home Buyer credit is $8,000 - you cannot have owned a home during the past three years. If you have owned a home for five full years, the credit is $6,500.
These are tax CREDITS. If you are due a refund, or do not owe any tax, you will receive the full amount in ADDITION to your regular refund. If you owe some tax, that will be subtracted from this credit and you will receive the difference as a refund.
There is an income limit above which the tax credit is reduced. For single taxpayers, the maximum adjusted gross income is $125,000, or for married filing jointly, the maximum adjusted gross income is $225,000.
Now is a great time to buy at OneRiverside. Take advantage of the tax credits and our Buyer Incentives. In addition to the tax credit, OneRiverside is offering $14,000 in Buyer Incentives. Call 678.778.8774 and speak with Keith Sharp for more details.
