Do you have questions about the First Time Home Buyer Tax Credit?
By Jeannette Neerpat, e-Pro Coral Springs/Parkland Real Estate
(CondoDomain.com)
I know that there is alot of confusion still about the first time home buyer tax credit. NAR has a breakdown of the most asked questions. I bring them to you here so you can better undstand them. There are alot so I will post some today and some tommorrow so you are not overwhelmed by the questions. Do you havae more questions? You can call me and I would love to help you clear them up! FIRST-TIME HOMEBUYER TAX CREDIT For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009. Tax Credits -- The Basics 1. What's this new homebuyer tax incentive for 2009? The 2008 $7500, repayable credit is increased to $8000 and the repayment feature is elimi...
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