first time homebuyers tax credit: First Time Home Buyers Tax Credits
- 03/07/09 08:48 PM
There are two first-time home buyer tax credits for which homebuyers should be aware. The first one is for people who purchased a home after April 8, 2008 and on or before Dec. 31, 2008. The key features of this credit are: •· Those buyers may claim a tax credit on their 2008 tax return, with the credit being 10 percent ofthe purchase price,up to $7,500, or $3,750 for married individuals filing separately. •· The tax credit must be repaid in 15 equal installments over 15 years, beginning with the 2010 tax year. The second first-time homebuyer tax credit is for hombuyers … (0 comments)
There are two first-time home buyer tax credits for which homebuyers should be aware. The first one is for people who purchased a home after April 8, 2008 and on or before Dec. 31, 2008. The key features of this credit are:;)
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