$8,000 Home Buyer Tax Credit at a Glance

I have been receiving a lot of questions recently regarding the $8,000 Home Buyer Tax Credit and I thought it would be beneficial to give a brief overview.

• The tax credit is for "First Time Home Buyers" Only.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10% of the purchase price of the home up to a maximum of $8,000.The tax credit is only available for homes purchased between January 1, 2009 and December 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 will qualify for the full tax credit.

If you have any questions about how this will impact the purchase of your home in the Inland Empire, please feel free to give me a call at (909) 581-2100.

For more in depth information on the tax credit please follow the link at the bottom of this blog or refer back to our main website.