8000 tax credit: First Time Home Buyer Tax Credit
- 06/17/09 08:01 AM
Here are the basices....as with most items involving taxes please consult your tax specialist. The Basics: 2009 First-Time Home Buyer Tax Credit As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers. WHO QUALIFIES? First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009. To qualify as a first-time home buyer the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase. WHICH (0 comments)