tax credit: Lee County, AL - Tax Credit for Homebuyers Extended - 11/10/09 01:16 AM
On November 9, 2009, the President approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. Following are the Primary Q&A's regarding the Tax Credit for Homebuyers
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.
Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
Current Owners: The tax … (10 comments)