First time home buyer tax credit.

In November congress extended this credit and made it more generous.  It is a true dollar for dollar credit of up to $8000 for 10% of the cost of the home. The credit is also refundable, meaning that even if a buyer doesn’t owe $8000 of tax, he or she can claim the full benefit and receive a refund check!

Who do you know that may buy their first house in 2010?

If you have lived in your existing home for 5 of the last 8 years then you too qualify for a $6500 credit.

Related posts:

1. First Time Buyers get a credit.
2. Congress extends Tax Break!
3. Buyer sues Realtor for home price falling!
4. Investors returning to the market!
5. What is a Short Sale and how would it Affect me?

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