8: How can I get my $8,000 for buying a home?
- 02/21/09 04:17 AM
Part of the stimulus package that was just passed in Congress includes a one time tax break from the IRS. To qualify for up to $8,000 or 10% of the purchase price (whichever is less) free gift from the government you need to be a "first time homebuyer". To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as "first time" buyer. They must also live in the house for at least three years, or they will be obligated to pay back … (0 comments)
Part of the stimulus package that was just passed in Congress includes a one time tax break from the IRS. To qualify for up to $8,000 or 10% of the purchase price (whichever is less) free gift from the government you need to be a "first time homebuyer". To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as "first time" buyer. They must also live in the house for at least three years, or they will be obligated to pay back … (0 comments)
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