First Time Home Buyers
First time home buyers are in a great place right now. Prices are down, buyers are in control and the government is giving away money. That is right, $8000 to qualified first time home buyers. If you have not owned a home in the last 3 years and you make less than $75,000 as an indivual or less than $150,000 as a joint filer then you can receive up to 10% of the purchase price or a maximum of $8000 as a tax credit to use on your 2008 or 2009 taxes.
What an unbelievable spot to be in as a buyer. That money can be used for anything you want- updating the property with new carpets, countertops, paint, etc., pay off debt, put the money into savings, whatever you would like.
Here are a few links to articles about the $8000 first time home buyer tax credit- take advantage, it is not everyday the government will give you free money- Get yours today!
Expanded Tax Break Available for 2009 First-Time Home buyers http://www.irs.gov/newsroom/article/0,,id=204672,00.html
Final score: $8,000 for home buyers– First-time purchasers get a tax credit windfall if they buy before December –http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_credit_finalized/index.htm?postversion=8005012093
