Georgia Real Estate Voice: Georgia Home Buyers get another Tax Credit

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Georgia Home Buyers get another Tax Credit

On May 11, 2009 Governor Sonny Perdue signed House Bill 261 creating a Georgia Income Tax Credit for the purchase of a home.

  • Credit is limited to eligible purchases made between June 1, 2009 and November 30, 2009.
  • The credit created by HB 261 can be claimed one time per taxpayer and is completely independent of the federal first time home buyer tax credit. 
  • Maximum benefit of the tax credit is $1,800 or 1.2 % of the purchase price (whichever is less) spread over three years.
  • This is not for first time home buyers only.
  • This is for investors as well as owner occupied homes.

Home Buyers now have the opportunity to enjoy benefits of both a state $1,800 and a federal $8,000 home buyer tax credit. If you are planning to buy a home in the near future in GA, buy before November 30th and take advantage of this tax credit.

 

Learn more about HB 261, click here.

Learn more about the $8,000 Federal Tax Credit.

If you are ready to buy a home in the metro Atlanta area, contact me, Jen Bowman, Realtor and Broker Associate with Success Realty at 404-456-5024. 

For Sale 24 Thayer Ave Atlanta GA $239K

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Realtor Jen Bowman has been featured on HGTV's My First Place, HGTV's Buying and Selling 20 Best Kept Secrets & Inman News - where real estate and technology connect. She is a proud member of Keller Williams Realty Atlanta Partners Agent Leadership Council. Jen is also a member of Keller Williams Realty Luxury Home Division, catering to luxury home buyers and sellers.  Call or text 404-456-5024 today to get started buying your dream home in Dekalb or Cobb, selling your current home in Dekalb or Cobb, or learning more about an awesome career in real estate.

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2 comments • Jen Bowman - Atlanta GA Realtor - Cobb County - Smyrna, Vinings, Marietta • May 14 2009 09:55AM

Comments

Jen any tax break that homebuyers can get these days is a major benefit.  I hope that many take advantage of this.

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