The Move-Up Tax Credit has passed the House of Representatives today after passing the Senate yesterday. Both passed overwhelmingly, with strong bi-partisan support.
The new move-up tax credit allows individuals that have owned their home for five out of the last eight years to obtain a $6500 tax credit if they contract for a new home (under $800,000) by April 30th. Income restrictions have been raised, so that single individuals can make up to $125,000 and married couples up to $225,000 (the credit is $3200 for those filing individually or separately).
May I suggest… 4990 E. Cliff Point Circle, Colorado Springs, CO 80919.
This 5400 square foot home is the envy of more expensive homes in lesser neighborhoods. Lutron Lighting, Dacor Oven and Microwave, Slab Granite Counters, Hickory Cabinets. Photos’s don’t lie.