ARE YOU READY FOR THE $8000 CREDIT

The $8000 tax credit (or 10% tax credit whichever applies) for new home buyers has been approved and will not have to be paid back. As a new home buyer, "There has never been a better time to Buy".


In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. First-time home buyers (anyone who hasn't owned a home in the last three years) can claim a credit worth up to $8,000 (or 10% of the home's value, whichever is less) on their 2009 taxes for a primary residence purchased January 1st, 2009 and December 1, 2009. Unlike the $7,500 credit from the previous stimulus bill, this is a true tax credit, in that it doesn't have to be repaid, as long as the buyers remain in the home for at least 3 years. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Use the links below to find out more details about the Home Buyer Tax Credit.