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Home > One more reason to buy a home now….

One more reason to buy a home now….

February 17, 2009 by vleeson Leave a Comment

$8,000 Home Buyer Tax Credit at a Glance

The tax credit is for first-time home buyers only.

The tax credit does not have to be repaid.

The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

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