The $8,000 First-Time Home
Buyer Tax Credit
for homes purchased
January 1, 2009 to December 1, 2009
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
$8,000 Home Buyer Tax Credit at a Glance
- 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.
Call 585-330-3301
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