As many of you now know President Obama has signed the stimulus bill into law and it allows for a $8,000 dollar first time home buyer tax Credit. Below are some quick highlights of the program.
· The tax credit is for first-time home buyers only.
· The tax credit does not have to be repaid.
· The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
· 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.
CLICK HERE for a link that will give you more details on this exciting opportunity.
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