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000 first time home buyer tax credit: Economic Stimulus Bill: $8,000 First Time Home Buyer Tax Credit - 02/17/09 02:23 PM
President Obama has signed the "American Recovery and Reinvestment Act of 2009" (i.e. the Economic Stimulus Bill).  This bill provides an $8,000 tax credit for first time home buyers.  A first time homebuyer is someone who has not owned a home in the last three years.  So that means a divorced person that used to own a home, but has been living in an apartment for the last three years, now qualifies for this tax credit.
This credit applies only to the purchase of your principal residence purchased anytime between January 1, 2009 and December 31, 2009.    A tax credit is … (3 comments)