As stipulated in the Recovery and Reinvestment Act of 2008, first time home buyers of 2008 and 2009 are eligible for a tax credit of 10 percent of the sale price ($8,000 maximum) from the U.S Government. The full credit is available to both single taxpayers with incomes up to $75,000 and married couples filing a joint return with incomes up to $150,000.
As all good things must come to an end, the credit will only last until December 1st, 2009. Meaning, homes will only be eligible if December 1st, 2009 (or before) is the day you first occupy your new home.
If you're interested in buying your first home, there's no better time than now! To fill out the form and get started, please click HERE.
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