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$8,000 Tax Credit for First Time Home Buyers

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If you have a house for sale, or are planning on selling one, then you need to know about the first time home buyers tax credit for 2009. This tax credit will give first time home buyers upto an $8,000 tax credit this year if they purchase a house by December 31, 2009.

IRS - First-Time Homebuyer Credit

This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately. http://www.irs.gov/newsroom/article/0,,id=204671,00.html

This credit does not have to be paid back like the $7,500 tax credit/loan issued in 2008 as long as the buyers remain in the property as thier primary residence for at least 36 months (3 years).



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Lamar Brunetto3/3/2010

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Irs problems7/15/2009

ZetteBalignasay@gmail.comThis year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. That's is good.

Mountain Tour Sports3/24/2009

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perfect home design3/23/2009

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