7500 tax credit: $7500 Tax Credit for First-Time Home Buyers
- 01/26/09 01:24 PM
For you first-time home buyers out there... Don't forget about the $7500 tax credit when you file your taxes this year. Designed to help stimulate interest in the housing market, this temporary provision provides a first-time home buyer (someone who hasn't owned a home in the last three years) a tax credit of up to $7500 for homes purchased between April 8, 2008 and July 1, 2009. Basically the tax credit, which must be repaid over 15 years, is an interest-free loan from the government to help you offset the costs of home ownership. But here's the best part. The law allows … (0 comments)
For you first-time home buyers out there... Don't forget about the $7500 tax credit when you file your taxes this year. Designed to help stimulate interest in the housing market, this temporary provision provides a first-time home buyer (someone who hasn't owned a home in the last three years) a tax credit of up to $7500 for homes purchased between April 8, 2008 and July 1, 2009. Basically the tax credit, which must be repaid over 15 years, is an interest-free loan from the government to help you offset the costs of home ownership. But here's the best part. The law allows … (0 comments)
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