2010 Guide To Home Buying Tax Credits

FIXI 2010 Guide to Home Buying Tax Credits Home Buying a new NO home? Remodeling Stimulus YES Improve the General Structure МAGI less than NO Biomass stoves Heating. Ventilating & AC $245,000? Insulation Roofs Water Heaters (non solar) YES Windows & Doors House cost less than NO $800,000? YES 30% up to $1,500 First time buyer? Owned and ivedin this house for more NO NO Build Special Systems han 5 years? Geothermal Heat Pumps Small Residential Wind Turbines YES YES Solar Enery Systems MAGI" Joint filer? NO NO less than $145,000? YES YES 30% of the cost MAGI MAGI less than NO less than NO $225,000? $125,000? Improve Residential Fuel YES YES Fuel Cells Micro turbine Systems FULL CREDIT REDUCED CREDIT NO CREDIT 30% up to $500 /0.5KW "MAGI: Modifed Adjusted Gross income Full credits are up to $8,000 for qualiied first-ime buyers purchasing a prinoipal residence and up to $6,500 for qualifed repeat homeowners © 2010 FIXR.COM FIXI 2010 Guide to Home Buying Tax Credits Home Buying a new NO home? Remodeling Stimulus YES Improve the General Structure МAGI less than NO Biomass stoves Heating. Ventilating & AC $245,000? Insulation Roofs Water Heaters (non solar) YES Windows & Doors House cost less than NO $800,000? YES 30% up to $1,500 First time buyer? Owned and ivedin this house for more NO NO Build Special Systems han 5 years? Geothermal Heat Pumps Small Residential Wind Turbines YES YES Solar Enery Systems MAGI" Joint filer? NO NO less than $145,000? YES YES 30% of the cost MAGI MAGI less than NO less than NO $225,000? $125,000? Improve Residential Fuel YES YES Fuel Cells Micro turbine Systems FULL CREDIT REDUCED CREDIT NO CREDIT 30% up to $500 /0.5KW "MAGI: Modifed Adjusted Gross income Full credits are up to $8,000 for qualiied first-ime buyers purchasing a prinoipal residence and up to $6,500 for qualifed repeat homeowners © 2010 FIXR.COM FIXI 2010 Guide to Home Buying Tax Credits Home Buying a new NO home? Remodeling Stimulus YES Improve the General Structure МAGI less than NO Biomass stoves Heating. Ventilating & AC $245,000? Insulation Roofs Water Heaters (non solar) YES Windows & Doors House cost less than NO $800,000? YES 30% up to $1,500 First time buyer? Owned and ivedin this house for more NO NO Build Special Systems han 5 years? Geothermal Heat Pumps Small Residential Wind Turbines YES YES Solar Enery Systems MAGI" Joint filer? NO NO less than $145,000? YES YES 30% of the cost MAGI MAGI less than NO less than NO $225,000? $125,000? Improve Residential Fuel YES YES Fuel Cells Micro turbine Systems FULL CREDIT REDUCED CREDIT NO CREDIT 30% up to $500 /0.5KW "MAGI: Modifed Adjusted Gross income Full credits are up to $8,000 for qualiied first-ime buyers purchasing a prinoipal residence and up to $6,500 for qualifed repeat homeowners © 2010 FIXR.COM