$8000 Tax Credit

You can now receive an $8000 tax credit for purchasing a home between Jan. 1, 2009 and Dec. 1st 2009. You can receive the credit when you file your 2009 taxes. You can also receive it sooner - consult your tax advisor. You can claim the credit if you have not purchased a house in the last three years. As long as the house is more than $80,000 you can claim the full credit. If you have not paid $8000 in Federal taxes you would get a refund or in other words a check sent to you. Your income needs to be less than $75,000 or $150,000 for you and your spouse to claim the full credit. Neither of you can have owned a home the past three years. $8000 to buy a home! Just think of it!