Law/Regulations · Real Estate

$8000 Tax Credit For 1st Time Buyers…

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.

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