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First Time Home Buyer Tax Credit for 2009

By
Real Estate Agent with Cascade Sotheby's International Realty
The 2009 Federal tax credit of up to $8,000 is a great opportunity for qualified first time home buyers purchasing their principal residence before December 1, 2009. Visit http://www.federalhousingtaxcredit.com/ to learn more and take advantage of the credit to buy a home this year. Here are some of the highlights:
  • A first-time home buyer is 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 if you live in the home for 3 years.
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
Anonymous
kim brewer

To who may concern

How do find out the status of first time home buyer rebate. when can expect it to be deliverd tome.

Jun 04, 2010 07:42 AM
#1
Anonymous
Mark Miller

The First Time Home Buyer Tax credit is not a rebate but a tax credit that is used when filing your tax return as a credit that may be applied to the amount of taxes you owe.   If your return shows you are due a refund you should consult your tax advisor for when to expect that refund.

Jun 04, 2010 11:47 AM
#2