Some other details: Applies to contracts written BEFORE April 30, 2010. A buyer has until June 30, 2010 to close. There is an $800,000 cap on the purchase price. Buyer’s income limits for full tax credit is $125,000 for single buyers and $225,000 for couples with partial tax credits for incomes up to $145,000 for singles and $245,000 for couples. Of course, you must depend on tax advice and personal eligibility from your tax professional. CLICK HERE for a link to FAQs on the tax credit from the National Association of REALTORS®. 

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