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housing act of 2008: First Time Home Buyer $7,500 Tax Credit and How To Use It for Down Payment - 09/03/08 05:48 PM
First of all, it needs to be stressed that there are limitations and qualification for this program. The most stringent is that it is availalbe from homes purchased between April 9 of this year and July 1 of next year. If you miss that window, you miss the tax credit.
Next, the credit is only available to single taxpayers with an Adjusted Gross Income (AGI) of $75,000 or less or married taxpayers with a AGI or $150,000 or less to get the full credit. Lesser credits are available for those making more than the limits listed here.
Additionally, this is not … (26 comments)

 
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