AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009

The American Recovery and Reinvestment Act of 2009 created an opportunity for qualified first time homebuyers to receive a non-refundable tax credit of $8,000 for homes purchased from January 1, 2009 through December 1st 2009.

During a detailed review of the act I noticed a major opportunity for the credit to be used another way, which I have subsequently verified with the IRS.

If you answer yes to the following questions you may be eligible to receive the credit.

    1)  During 2009 will you be living with an unrelated party in a residence that is owned by one of you?
    2)  Is your Annual Gross Income less than $95,000?

If you answered yes to the questions above you may qualify for an $8,000 credit!

Please contact me at ryan@carraccounting.com   or 760.672.0494 for more information.