First Time Home Buyer? $8,000 Credit

First time home buyers are now eligible for a $7,500 tax credit. This is for 2008. Scroll down further to see what’s new for Feb. 2009.

The fine print

– You must have income less than $75,000 (individual), $150,000 married.

– You bought a home between April 9th, 2008 and July 1, 2009

If you meet the above qualifications you are eligible for the first time home buyers tax credit.

Where can I get more information?

http://www.federalhousingtaxcredit.com/

What about 2009?

Repayment on tax credit

In 2009 with the new economic stimulus package the tax credit does not have to be repaid like the 2008 plan. This sweetens the deal even more.

Tax credit $$$

The tax credit increased from $7,500 to $8000

When does this become law?

New first time home buyer credit will be voted on Feb. 16

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