Questions Answered About the $8,000. Homebuyer Tax Credit .....St Joseph, MO

Questions Answered About the $8,000. Homebuyer Tax Credit
Rob Dietz, Ph.D. discusses the $8,000 first-time home buyer tax credit in this video interview provided by the National Association of Home Builders. 

What does the $8,000 tax credit mean for you?

• Buy a home and you may qualify for the $8,000 tax credit on your 2009 taxes
• Even if you don't owe $8,000 in taxes, you may receive a refund check for the difference
• You or your spouse can't have previously owned a home in the last 3 years
• You cannot make more than $75,000 adjusted gross income, or if married, $150,000 adjusted gross income
• The home that you purchase has to be your primary residence
• If you sell the property within 3 years, you will have to repay the money back to the government.  If not, the money is yours to keep with no strings attached.
• Consult your tax advisor for more details.
• Consult your local expert Realtor® when you're ready to start shopping for that new home!