New Orleans Real Estate - 2009 Tax Credit
Many clients have been asking me about the 2009 First Time Home Buyers Tax Credit. This tax credit is different that the 2008 tax credit. Here are the details:
- Maximum $8,000 tax credit.
- Any single family primary residence is eligible.
- Reduces income tax liability for the year of purchase. Any unused amount will be refunded to the purchaser.
- Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).
Keep Reading: 2009 Tax Credit
This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at firstname.lastname@example.org or by phone at 504.451.8960. Darryl's real estate office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.
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