first time home buyers credit: As the song goes " Time keeps on ticking, ticking in to the future" - 04/20/10 12:47 PM
The first time home buyer tax credit allows a buyer to enter an agreement with a seller by April 30, 2010 and close on the house by June 30, 2010. First time home buyers are defined as anyone who has not owned a home for the past 3 years. First time home buyers will get up to $8,000 tax credit. Other home buyers, who have owned their current home for at least five years, are eligible for a $6,500 tax credit.
Income limitations $125,000 for single filers and $225,000 for joint filers. The purchase price of the home must be less … (0 comments)

first time home buyers credit: Reminder of 1st Time Home buyers Credit - 02/12/10 05:15 AM
Reminder that the clock is ticking.
$8,000 First-time Home Buyer Tax Credit at a Glance
The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. The tax credit applies only to homes priced at $800,000 or less. The tax credit now applies to … (1 comments)

first time home buyers credit: Here's the "New Home Buyers Credit" guidelines - 11/06/09 03:01 AM
I have attacted a website link to see the new guidelines for the "Home Buyers Credit".
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