$8,000 Tax Credit for 1st-Time Home Buyers
February 20, 2009
Whether you’re a Democrat or Republican you’ll probably appreciate the new tax credit for first-time home buyers. Obama signed this bill into effect recently allowing for an $8,000 tax credit available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Repeat: you don’t have to pay the money back!