First-Time Homebuyer Credit

An $8,000 tax credit is available to first time homebuyers who close on a new home by April 30, 2010. Take advantage of this while you still can.

  • Applies to purchases that close after April 8, 2008, and before May 1, 2010
  • Applies only to homes used as a taxpayer's principal residence.
  • Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers,
    even if they owe no tax or the credit is more than the tax owed.

    If your not a First-Time Homebuyer don't forget the Move-Up/Repeat Home Buyers Credit. Ask us for details.

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