middleburg: First Time Homebuyer gets $8,000 Tax Credit, Jacksonville FL
- 02/24/09 11:34 PM
A new tax credit of up to $8,000 for first-time homebuyers has been approved with the economic stimulus package. This is really awesome and first time homebuyers means you haven't owned a home in the last 3 years. The credit for 10 percent of the value of a home, up to $8,000, so the home has to be atleast $80,000 to get the full $8,000. The home has to be purchased by December 1, 2009 and you will file your credit when you do your taxes in 2010. If you do not owe anything to the IRS, you will get a $8,000 (0 comments)