Time is running out on this program, so act now!
$8,000 First-time Home Buyer Tax Credit
Qualified first-time home buyers can take advantage of the $8,000 First-time Home Buyer Tax Credit!* On Top of the World Communities has the home and the lifestyle you deserve.
$6,500 Move-Up / Repeat Home Buyer Tax Credit!
Not a first-time home buyer? Then take advantage of the $6,500 Move-Up / Repeat Home Buyer Tax Credit! Qualified current homeowners may be eligible for a tax credit of up to $6,500 toward purchase a new home!**
On Top of the World Communities is an award-winning, amenity-rich, 55+ active adult community located in the beautiful rolling hills of Ocala. Endless amenities offer an active lifestyle with an abundance of events and activities happening everyday. We are confident that our homes and lifestyle are of the greatest quality and value and we invite you to come see for yourself.
Save up to 30% on monthly energy bills...for life! As the area’s most energy efficient Green builder, every home we build receives an ENERGY STAR® qualification rating by an independent testing and inspection agency.
Do not miss this opportunity! Now is the time to buy!
For more information call:
800.421.4162 | 352.854.3600
DEPENDABILITY YOU CAN TRUST
BUILDING HOMES IN FLORIDA FOR MORE THAN 60 YEARS
*Qualifications for the $8,000 Home Buyer Tax Credit
- The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principle residence during the three-year period prior to the purchase.
- The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principle residence within three years after the initial purchase.
- The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
- The tax credit applies only to homes priced at $800,000 or less.
- The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
- For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
- For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
**Qualifications for the $6,500 Move-Up / Repeat Home Buyer Tax Credit
- To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
- The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principle residence within three years after the initial purchase.
- The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
- The tax credit applies only to homes priced at $800,000 or less.
- The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
- Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
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