*Federal tax credit of up to $8,000 available to first-time homebuyers (or up to $6,500 for repeat buyers) who close escrow on or before April 30, 2010 (or before July 1, 2010 if a binding contract is signed by April 30, 2010). Income limitations apply. Amount of tax credit, if any, is not paid to buyer upon close of escrow. Buyer must claim the tax credit on buyer’s federal income tax return. Not all buyers will qualify. This information is provided for general guidance only and does not constitute tax advice. Please consult an accountant or attorney for your particular situation. Visit www.federalhousingtaxcredit.com for complete details.
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