$8,000 Home Buyer Credit  

Important Facts To Know:  

1.     It is a true tax credit to home buyers, not a loan as initially devised.

2.     It is only for "first time" home buyers-defined as those who haven't been an "owner/occupant" in the last 3 years.

3.     It is capped at 10% of the purchase price.

4.     The buyer must remain in the home for the minimum of 3 years.

5.     It is applicable for first time buyers that buy or have bought between 1/1/2009 and 12/1/2009.

6.     Full credit is available to those making $75,000 or less or $150,000 for joint filers.

CLICK HERE to read an article about the Recovery Act and what it means to you.

If you have bought a home since January 1 or are thinking of buying a home this year and want to learn more about your $8,000 tax credit, give me a call. I am glad to discuss how you can benefit from this Free money!