$8000 Buyer Tax Credit Do you know someone considering buying their first home? Are you considering buying your first home? With interest rates at historic lows and the $8000 First Time Homebuyer Credit, there has never been a better time to be a buyer! Here are easy to understand highlight for the $8000 First Time Homebuyer Credit: The tax credit is for first time homebuyer(Anyone who has not owned a home within the past 3 years). The tax credit does NOT have to be repaid as long as you own your primary residence for three years or more. The credit is available for homes purchased on or after January 1,2009 and before December 1,2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. For first time homebuyers who purchase in 2009, the maximum credit is $8000 and can be claimed on a buyers 2008 tax return. Call me today if you or someone you knmow is interested in buying a new home in 2009. With everything going on in the current market, it is more important than ever to use the services of full time , experienced real estate professionals. Evelyn Dunwoody, is the only realtor you need to know! 317-440-8247 |