Well, the economic stimulus plan signed into action has hit the ground running! The U.S. Department of the Treasury released this notice yesterday, explaining the differences between the previous first-time homebuyer credit and the new plan. As per the statement issued by the Treasury Department:

Under the new law, qualifying taxpayers who buy a home this year before December 1 can claim up to $8,000, or $4,000 for married individuals filing separately, on either their 2008 or 2009 tax returns.  Unlike the prior first-time homebuyer credit, this is money individuals do not need to pay back. 

Exciting new for many of San Juan Realty, Inc.’s clients, as we’ve seen numerous first-time homebuyers taking advantage of the current market conditions and buying their first home. For more detailed information on this expanded credit for first-time homebuyers, visit the IRS website and review the details and limitations.

Homes in Ridgway, Montrose, Ouray and Telluride CO from San Juan Realty Inc.