Tax Credit Available For First Time Home Buyers

Amid the economic upheaval, there is good news for first-time home buyers - a tax credit of up to $7,500. Even better - the definition of first-time home buyers includes those who have not owned a principal residence in the three year period prior to purchasing a qualifying home.The tax credit, established through the Housing [...]

First Time Home Buyer Federal Tax Credit

As part of the “Housing and Economic Recovery Act of 2008” that was recently signed into law, Congress has created a new, temporary federal income tax credit to provide an incentive for first-time homebuyers. The highlights of this federal tax credit are as follows: The amount of the federal tax credit is for 10% of the [...]

Take Advantage of New Home Buyers Tax Credit

it be amazing if the US Government wanted to help you buy a house. Well, it does.As you read every word of this article you will discover why the government is offering first time home buyers an amazing incentive to buy a home. You will also learn four reasons why this may be the best [...]

First Time Buyer’s Huge (temporary) Tax Credit

You lucky bunch! First time buyers can get a tax credit for as much as ten per cent of a first home purchase (but it must be less than a $7500 refund) . Yep, this is all part of the recently-passed and much publicized Housing and Economic Recovery Act of 2008 .However, the fact that [...]

The First Time Buyer Tax Credit-buyer Beware!

The BackgroundOne benefit of the Housing and Economic Recovery Act passed in July of this year is that qualified homebuyers may receive a one time tax credit of up to $7,500.  With the intent of stimulating the economy and encouraging Buyers to get off the fence, this credit is limited to first time buyers (those [...]