Monday, June 7, 2010

Tax Credit in Missouri!

Everyone is bummed about the federal tax credit not getting extended. There is some money you can get, though!!

If you live in Missouri, and you are buying a home in 2010, you are eligible to receive $1250! Missouri Housing Development Commission will refund First Time Home Buyers up to $1250 for their property taxes. It is part of the HOPE program they have. If your property taxes don't amount up to $1250, you can get up to the amount of your tax bill. So, if you have an $800 tax bill, you can qualify for $800.

This is only applicable if you qualify under MHDC conditions. You must be a first time home buyer. You must be under the income limits. For a 1-2 person household, the income limit is $68,400. You must be above the age of 18.

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