Tax Credits
$8,000 Tax Credit Available
For a limited time home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.
The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program!
The state is also offering an additional $6000 grant for 1st time home buyers that buy a previously unoccupied home.
Utah Housing
Grants & Down Payment Assistance Programs
$18,000* available to First-time Home Buyers!
(*Based on eligiblity for Utah city grant and federal tax credit. See below.)
Utah Housing Grant Programs by County
| County |
|
City |
|
Amount |
| |
|
|
|
|
| Weber |
|
Ogden city |
|
$5,000 |
| Davis |
|
All cities |
|
$2,000 |
| Salt Lake |
|
Sandy |
|
$10,000 |
| |
|
Kearns |
|
$10,000 |
| |
|
Magna |
|
$10,000 |
| |
|
Taylorsville |
|
$5,000 |
| |
|
West Valley City |
|
$5,000 |
| |
|
West Jordan |
|
$5,000 |
| Utah |
|
Provo city |
|
$5,000 |
| |
|
All cities except Provo |
|
$5,000 |
| Tooele |
|
All cities |
|
$2,000 |
Why not use qualified grant money to assist in your new purchase?
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