Real estate blog entries tagged with first time homebuyers by Team Pulsifer (Coldwell Banker Shield Heritage)

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Home : Blogs : Team Pulsifer : North Georgia Real Estate Blog : Tag "first time homebuyers"

first time homebuyers: THE HOME BUYER TAX CREDIT FOR FIRST TIME HOME BUYERS - 04/01/09 07:54 PM

The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains … (0 comments)

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