Kelly E. Capolino, Top Real Estate Producer, to Host Seminar on Government Tax Credit for Home Buyers
Kelly E. Capolino will host a free seminar on two different government tax credits for both repeat and first time home buyers this January.
Naples, FL, January 22, 2010 --(PR.com)-- Kelly Capolino, a recognized top producing real estate professional in Naples, will host a free seminar to explain to both, repeat and first-time homebuyers, two government incentive tax credits. The seminar will be held at 10 A.M. on Saturday, January 30, 2010, at the Coldwell Banker office, located at 550 5th Avenue South, Naples.
The seminar will address two tax incentives geared for home buyers. The $6,500 tax credit applies to existing home-buyers who purchase a principal residence between now and April 30, 2010. The $8,000 tax credit began on January 1, 2009 and was set to end on December 1, 2009, however this tax credit has been extended by the federal government to be applied to sales occurring until April 30, 2010. This tax credit is for home buyers who have not owned a principal residence for three years prior to the date of sale.
The seminar will help clarify options for home buyers in this market. Move-up or repeat home buyers, or buyers who have owned and lived in the same residence for 5 consecutive years prior to the purchase date, are eligible to claim the $6,500 tax credit. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500; homes priced above $800,000 are ineligible. There is an income limit for eligibility: for single taxpayers it is $125,000, for married taxpayers filing a joint return, the limit is $225,000. The tax credit is claimed on your federal income tax return.
Any purchaser who has not owned a principal residence during the three-year period prior to the purchase is considered a first time home buyer and eligible for the $8,000 tax credit program. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000 and is a dollar-for-dollar reduction in what the taxpayer owes. There is an income limit for eligibility in the tax credit program. For purchases on or before November 6, 2009, the limit for single taxpayers is $75,000; the limit is $150,000 for married taxpayers filing a joint return. The income limit after November 6, 2009 is $125,000 for single taxpayers and $225,000 for married couples filing joint returns. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit is claimed on your federal income tax return.
“Right now is a great time to buy a new home in Naples and these new tax credits make it even better and more affordable,” said Capolino. “For repeat home buyers just looking for opportunity for change or first time home buyers looking for the perfect home, these tax incentives are designed to help. The seminar will help to make everything clear, and both instructive and enjoyable for everyone in attendance.”
The seminar is free and open to the public, however reservations are needed as space is limited. Continental breakfast will be served. Please reserve by emailing Kelly@naples.net or calling 239-262-7131 ext. 149.
About Kelly E. Capolino:
Capolino has earned the prestigious designation of International President’s Circle, representing the top 2.6% of all Coldwell Banker Sales Associates nationwide. Her expertise in real estate is far-reaching with extensive knowledge and experience in luxury properties, acreage properties, investment properties, and renovation opportunities. Capolino ranked # 50 in 3,700 real estate agents in Naples in 2008. Recently, Capolino was named Coldwell Banker’s “Listing Leader” for the month of July in Naples.
Kelly Capolino has her office at Coldwell Banker, 550 5th Avenue South Naples, FL 34102. She can be reached by phone at 239-262-7131 ext. 149 or 800-741-7131 ext. 149 or online at Kelly@Naples.net or www.floridamoves.com/KellyE.CapolinoPa
###
The seminar will address two tax incentives geared for home buyers. The $6,500 tax credit applies to existing home-buyers who purchase a principal residence between now and April 30, 2010. The $8,000 tax credit began on January 1, 2009 and was set to end on December 1, 2009, however this tax credit has been extended by the federal government to be applied to sales occurring until April 30, 2010. This tax credit is for home buyers who have not owned a principal residence for three years prior to the date of sale.
The seminar will help clarify options for home buyers in this market. Move-up or repeat home buyers, or buyers who have owned and lived in the same residence for 5 consecutive years prior to the purchase date, are eligible to claim the $6,500 tax credit. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500; homes priced above $800,000 are ineligible. There is an income limit for eligibility: for single taxpayers it is $125,000, for married taxpayers filing a joint return, the limit is $225,000. The tax credit is claimed on your federal income tax return.
Any purchaser who has not owned a principal residence during the three-year period prior to the purchase is considered a first time home buyer and eligible for the $8,000 tax credit program. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000 and is a dollar-for-dollar reduction in what the taxpayer owes. There is an income limit for eligibility in the tax credit program. For purchases on or before November 6, 2009, the limit for single taxpayers is $75,000; the limit is $150,000 for married taxpayers filing a joint return. The income limit after November 6, 2009 is $125,000 for single taxpayers and $225,000 for married couples filing joint returns. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit is claimed on your federal income tax return.
“Right now is a great time to buy a new home in Naples and these new tax credits make it even better and more affordable,” said Capolino. “For repeat home buyers just looking for opportunity for change or first time home buyers looking for the perfect home, these tax incentives are designed to help. The seminar will help to make everything clear, and both instructive and enjoyable for everyone in attendance.”
The seminar is free and open to the public, however reservations are needed as space is limited. Continental breakfast will be served. Please reserve by emailing Kelly@naples.net or calling 239-262-7131 ext. 149.
About Kelly E. Capolino:
Capolino has earned the prestigious designation of International President’s Circle, representing the top 2.6% of all Coldwell Banker Sales Associates nationwide. Her expertise in real estate is far-reaching with extensive knowledge and experience in luxury properties, acreage properties, investment properties, and renovation opportunities. Capolino ranked # 50 in 3,700 real estate agents in Naples in 2008. Recently, Capolino was named Coldwell Banker’s “Listing Leader” for the month of July in Naples.
Kelly Capolino has her office at Coldwell Banker, 550 5th Avenue South Naples, FL 34102. She can be reached by phone at 239-262-7131 ext. 149 or 800-741-7131 ext. 149 or online at Kelly@Naples.net or www.floridamoves.com/KellyE.CapolinoPa
###
Contact
Kelly E. Capolino
E. Sue Huff
239-262-7131 ext. 149
www.floridamoves.com/KellyE.CapolinoPa
E. Sue Huff
239-262-7131 ext. 149
www.floridamoves.com/KellyE.CapolinoPa
Contact
Categories