Ryan Raveis Summarizes the New Tax Credit for Home Buyers and Homeowners

Ryan Raveis, Vice President of Sales and Marketing at William Raveis Mortgage, summarizes the new tax credit for home buyers and homeowners including eligibility, income limits, and program specifics.

httpv://www.youtube.com/watch?v=iRqrOb8a0h0

3 thoughts on “Ryan Raveis Summarizes the New Tax Credit for Home Buyers and Homeowners

  1. Pingback: Your Purchase Plans Just Got Better for SPRING…!!! | Alison Lundie's Blog

  2. Glen Ketchian

    Ryan, that was a great job. I actually didn’t know that you need to file jointly to get the max credit. Thanks for the education and not just pushing for sign ups. I respect this approach. The news takes the top line approach and misses some of the important details. Again good job.

    Reply
  3. Ryan Raveis

    Glen, thank you for the comment. To clarify, the buyers do not need to file jointly to get the max credit. Buyers can file individually and allocate the tax credit in any reasonable manner, provided neither claims a tax credit higher than the one they qualify for and the home purchase does not yield a total of more than $8,000 in tax credits. For example, the repeat home buyer could claim $6,500 and the first-time home buyer could claim $1,500. Alternatively, both buyers could claim a $4,000 tax credit.

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