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 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 [...]