Save $8,000 on the Purchase of a New Home

01-Feb-2009 You can save up to $8,000 when building a New Home
$8,000 Home Buyer Tax Credit at a Glance

-  The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
-  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.

To Learn More about the New Tax Credit that can save you $8,000 on when building a new home visit


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