First-time home buyer?
If you haven’t owned a principal, single family home in the three years prior to purchase, you may be eligible for a tax credit up to $8,000. This credit is available on homes purchased on or after January 1, 2009 and before December 1, 2009. Generous income limits apply, single $75,000, married filing jointly $150,000. There is no repayment as long as you keep the home for 3 years.
I’ve attached a link for some additional information about this tax credit. For more information about this tax credit, please contact a qualified tax professional.