Racing for Santa Cruz Homes for Sale
Posted by Lauren Spencer on
Potential first time homebuyers are racing the clock to find the perfect Santa Cruz homes for sale. Who’s going to reach the finish line first? And… why are they racing?
Many of you have probably heard of the American Recovery and Reinvestment Act of 2009 (ARRA) by now. For those looking for Santa Cruz homes for sale that haven’t heard of the ARRA, first time homebuyers can receive up to $8,000 back in tax credits from the U.S. government. Singles and those married but filing jointly, have an $8,000 threshold, while married individuals filing separately have a $4,000 threshold.
Sounds wonderful, doesn’t it? With the tax credit, your taxes are matched dollar-for dollar. This means, if you owe $9,000 in taxes for 2009 and get the full $8,000 tax credit,…
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