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Despite the doors it can open for first-time buyers, many consumers still don't know about the $8,000 tax credit. The first-time home buyer tax credit, which Congress in February increased to $8,000 from $7,500 and eliminated the repayment requirement, is an incentive you'd expect consumers to be clamoring about. But many buyers who are prime candidates for the credit aren't even aware of it! A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Frequently Asked Questions About the Home Buyer Tax … (0 comments)
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