Highlights of the 2009 First-Time Home Buyer $8,000 Credit
*Credit does not have to be repaid
*Available for homes purchased in 2009 (prior to December 1)
*Qualifying income requirements: Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 should qualify
For tax advice, always consult with your tax professional and not your Realtor 
Today’s low interest rates, which are hovering in the 5% range and the $8,000 tax credit, are major incentives for first time buyers (or those who have not owned a home for three years.
Posted by Phyllis Harb at 5/24/2009 4:29 AM 
Categories: All about Money, TAXES, A Buyer's Perspective
Tags: 2009 First time buyer's tax credit
Categories: All about Money, TAXES, A Buyer's Perspective
Tags: 2009 First time buyer's tax credit
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1/4/2010 9:45 PM
fha home loans wrote:
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Thanks for posting this. I liked your last tip, because people should know the difference. A tax pro really knows about tax credits and other incentives, while a Realtor is more knowledgeable about home-selling.
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I think 10% or $8,000 really makes a big difference nowadays, especially now that they're allowing the tax credit to be used as down payment in FHA homes.
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