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  • #280 BBB 11-25-09 Monthly Disk 26

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    #280 BBB 11-25-09 monthly disk 26

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    15 views1 page

    #280 BBB 11-25-09 Monthly Disk 26

    Uploaded by

    bmoak

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAGNOLIA

    CLIPPING SERVICE

    (601) 856·0911 ! (205) 75....10


    WOODVILLE REPUBLICAN

    WOODVILLE. MS

    Circulation = 2550

    WEEKLY

    10/2212009
    1111111111111111111111111; II i I1111I11

    BBB Offers Tips On First


    TimJ:~omebuyer Tax Credit
    Time is running out for both parties have to meet the
    firslrtime home buyers to take above requirement.
    advantage of the $8,000 tax • Inoome requirement...
    credit ofillred as part of the 10 l:'€O'live the maximum cred­
    ()C(JfiomlC recovery effort. The it. the "modified adjusted:?
    deadline is November 30 fur gross income cannot exceed
    oompleting pw-ch""", to qua!i. 875,000 for an individual Or
    fYfbrthls credit $150,000 for a couple. The
    According to Bill :>Ioak, credit is reduced for singles
    PresidentICEO of the Better earning up to $95,000 and
    Business Bureau mBB) servo couples earning up to
    ing Mississippi, 1.4 million $170,000.
    first-time horne bu}'eI"S nation~ • Prepare to stay a
    wide have alJ'eady taken ad· while. Home buyers must re­
    vantage of this tax credit. main in the house for 3 years
    'Wrth both interest rales and or furfuit the credit; there are
    housing prIres at I\lOOrd lows, exceptions for thinge such as
    now is a great time to buy a death or d:ivon;e.
    house. However. it is impor­ For advice on home buying,
    tantfurfirst.ti.memtonotrush visit the BBB Web site
    inl:<! buying a house jlL9t I:<! (www.bbb.org)orCbookoutthe
    take advantage of the tax BBB's Insiders Guide to Suo­
    credit" cess on Bll}IDg a Home avail·
    The BBB olThrs the follow. able at bookstores and on
    ing guidanre regantingthe tal< Ama7nn.com,
    credit: The mission uf the BBB is
    • Don't rush in. Taking to pro:mote - through self.reg­
    time to lind the light house, in ulation - the highest stan·
    the long run, is more impor· dards of bUBiness ethics and
    tant than receiving the tax conduct, and to instill public
    credit and having a house that ronfidence in responsible busi,
    is not right fbr you or not being nesses through programs of
    very sellahle in the future. education and action that in·
    • Definition of a first- form, protect and assist the
    time home buyer (under general public. 1Odmon the
    the tax credit guidelines): retiabili~ of a business wntact
    an individual who halim't the BBB online at
    owned a principal residence in www.ms.bbb.org or by phone
    the previous 3 years; a vaca· at 80().987-8280.
    lion home is not oonsidered a
    principal :residence; in order
    for a married ample to qualifY.

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