home buyer: What's the Deal?
- 04/03/09 02:59 AM
What does the American Recovery and Reinvestment Act mean for me? The American Recovery and Reinvestment Act, passed this February, offers some much needed good news for home buyers. The most talked about provision of the bill includes a tax credit for first time home buyers (or consumers who haven’t owned a principal residence for the past three years). Qualified buyers who purchase a home between January 1, 2009 and December 1, 2009 may be able to subtract up to $8,000 from their 2009 federal income tax bill. Buyers will receive the full $8,000 credit as long as their joint income (0 comments)