First Time Homeowners Get Your $8,000 Tax Credit Now

Apr 08, 10 First Time Homeowners Get Your $8,000 Tax Credit Now
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The 2010 Homebuyer Tax Credit has been invaluable in helping first time homeowners purchase an affordable home. First time buyers can receive an $8,000 tax credit. Homeowners who have lived in their current home for five out of the last eight years can receive a $6500 tax credit. In addition, the income limit for singles is $125,000 and $225,000 for married couples. Unfortunately, the tax credit will no longer be available after April 30, 2010.

This program has been instrumental in helping two million people receive the tax credit in 2009. It has been expanded in order to combat the housing crisis that has gripped the nation for the last few years. This tax credit can provide an enormous benefit to individuals who are looking to purchase their first home, but leery of the housing market. The original tax credit went into effect in 2009 and proved to be an extremely popular and helpful program. Although many people believe that the Obama administration will extend the tax credit, as of now, people not under contract by the end of the month will not be eligible. So, act now!

Purchasing your first home or deciding it move into a new home can be an important decision. The Worker, Homeownership, and Business Assistance Act of 2009 has benefited millions of Americans. It is crucial that you act soon in order to benefit from a useful program that will provide much needed assistance in obtaining a home. An $8,000 tax credit can go a long way toward making that unaffordable dream home affordable.

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1 Comment

  1. I agree completely. I coundn’t say it any better. Thanks for the hard work you do. I try to read weekly.

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