The Stimulus Bill of 2009

Is it “ FREE ” Money?

First Time Home Buyers can Claim A Credit Worth $8,000 or 10% of the Purchase Price Whichever is Less Is it “ FREE ” Money?

Scenario 1 First Time Home Buyer owes zero $0 in 2008 taxes This buyer gets the Full refund check of $8,000 !! Or 10% of the purchase price (the lesser of the 2) Is it “FREE” Money ?

Scenario 2 Final tax bill is $6,000 Buyer overpaid taxes by $1,000 during the year This buyer receives $1,000 plus the $8,000 Refund check $9,000 in Total ! Is it “FREE” Money ? This example is for a purchase price of above $80,000

Scenario 3 Final tax bill is $6,000 Buyer underpaid taxes by $1,000 during the year This buyer receives $7,000 on the Refund check Is it “FREE” Money? This example is for a purchase price of above $80,000

Do I have to Re-pay this money? Not if you live in the home for 3 years As your primary Residence It’s non-refundable after that time Is it “FREE” Money ? This example is for a purchase price of above $80,000

Other Requirements Must be a First Time Home Buyer Must earn no more than $75,000 for singles Must earn no more than $150,000 for couples Is it “FREE” Money ? This example is for a purchase price of above $80,000

Can I claim it in 2008 Tax Returns? YES “ I’ve already have filed my 2008 taxes” No worries… use IRS form 5405 and file an Amendment Is it “FREE” Money ? This example is for a purchase price of above $80,000

Most Importantly PURCHASE MUST BE MADE Jan. 1 st , 2009 - November 30 th 2009 Is it “FREE” Money ?

Most Importantly Time is Running OUT!!!! Jan. 1 st , 2009 - November 30 th 2009 Is it “FREE” Money ?

Additional information can be found On IRS’s website GO TO: http://www.irs.gov/newsroom/article/0,,id=204671,00.html Leiyana Wilson Leiyanasellsproperties@live.com Cell 301 437 – 3448 www.LeiyanaSellsProperties.com