Tuesday, February 17, 2009
New information on the $8K Tax Credit for First Time Homebuyers
More information has come out on the up to $8K tax credit for first time homebuyers, which would be 10% of the sale price on a home purchased, up to $8K. This is an actual credit, not an interest free loan like the original $7500 tax credit and you can claim it on either your 2008 or 2009 taxes. For more details read this article from cnnmoney.com.
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3 comments:
The tax credit that is actually a credit is helping me to make my decision to buy my first home. Without it I may not have decided to take the leap.
a tax credit aimed solely at the first time home buyer is ridiculous and only helps a fragment of the people out there. the credit should have been across the board for anyone buying a principle residence.
True, the tax credit doesn't help every home buyer; however, it will put individuals out there buying that otherwise would not have been. First time home buyers sometimes need a push to get moving. I think this tax credit will do just that.
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