In & Around Kirkwood - Atlanta, GA

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Calling ALL home buyers in Georgia! The Georgia Homebuyer $1800 Tax Credit was approved

Atlanta Home Search - First Time Home Buyers in Atlanta GA

Governor Sonny Perdue just signed the new Georgia Home Buyer Tax Credit last week, which offers up to $1,800 in tax credits on your Georgia state income tax.  This credit is open to ALL home buyers and takes effect immediately for the next SIX MONTHS.

Here's how it works...

  • House Bill 261 (aka HB 261) will give Georgia home buyers a credit of 1.2% of the purchase price of the home or $1,800, whichever is less. 
  • Starting with your 2009 Georgia Tax Reurn, you can claim 1/3 of the credit each year for three years(through 2011) and you can carry any unclaimed amount forward to the next year
  • It is only available for SIX MONTHS -- you must purchase your home between June 1, 2009 and Nov 30, 2009.
  • Home must be used as your primary residence
  • ONLY CERTAIN HOMES QUALIFY - the single family home or condo must be:
    1. Home must have been on sale prior to May 11, 2009 and still for sale or
    2. Home must be in default on or before Mar 1, 2009
    3. Home has already foreclosed and is held by a bank or mortgage company

The good news is that Georgia's first time home buyers can 'double-dip' and receive both the Federal Credit of up to $8000 AND the Georgia tax credit of up to $1800.  So with historically low interest rates, affordable housing and incentives galore, this honestly couldn't be a better time to purchase your first home!

If you have questions about this program or if you are ready to start searching for your dream home, call me anytime at 404.432.1844 or email KerryLucasse@KW.com.

incentives for first time homebuyers in Atlanta Georgia


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Kerry Lucasse  ::  eXp Realty ::  Urban Nest Atlanta Real Estate Group

Call anytime @ 404.432.1844

Urban Nest Atlanta Real Estate Group - eXp Realty GA

  

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In & Around Atlanta Real Estate Blog - Copyright 2006 - 2020 by Kerry Lucasse and the Urbanest Real Estate Group with eXp Realty LLC in Atlanta, GA.  All information contained in this blog is deemed to be reliable but not guaranteed.   If you need assistance with Intown Atlanta real estate, Kerry Lucasse and her team are always available to assist you with your residential real estate needs!

Urban Nest Office :: 508 Flat Shoals Ave ::  Atlanta, GA 30316  :: 404-205-8800

eXp Realty Office :: 1230 Peachtree St :: Atlanta, GA 30309 ::  888.959.9461 x119

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Comment balloon 1 commentKerry Lucasse • June 01 2009 11:09AM
Calling ALL home buyers in Georgia! The Georgia Homebuyer $1800 Tax…
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Atlanta Home Search - First Time Home Buyers in Atlanta GA Governor Sonny Perdue just signed the new Georgia Home Buyer Tax Credit last week, which offers up to $1, 800 in tax credits on your Georgia state income tax. This credit is open to… more