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firsttime: A Tax Credit For First Time Homebuyers
- 06/21/09 09:04 AM
Many people have heard that the federal government is offering "first-time" home buyers a tax credit of up to $8,000. Here's some of the fine print:
A "first-time" home buyer is anyone who has not owned a home in three years Closing has to take place between 1/1/09 and 12/1/09 You must live in the home you buy as your primary residence The tax credit is equal to 10% of the purchase price of the home up to a maximum of $8,000 The tax credit is refundable, so if for example you owe $2,000 in income tax in April 2010, you … (1 comments)
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