First Time Home Buyer Tax Credit for 2009

The 2009 Federal tax credit of up to $8,000 is a great opportunity for qualified first time home buyers purchasing their principal residence before December 1, 2009.

Visit www.federalhousingtaxcredit.com to learn more and take advantage of the credit to buy a home this year. Here are some of the highlights:

• A first-time home buyer is someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid if you live in the home for 3 years.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.