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. Governer signs tax credit bill into law, extends buyers credit!
2. First Time Buyers get a credit.
3. CA 1st time homebuyer tax credit is running out!
4. Congress extends Tax Break!
5. Buyer sues Realtor for home price falling!