I wanted to get this information out to everyone that wants information on the new First-Time Home Buyer Tax Credit.
As many of you have heard, the tax credit is available for first-time home buyers but what does that really mean?
Well here are some of the highlights which I think you will find very interesting. This information is also available at www.Federalhousingtaxcredit.com/2009.faq.php
1. Who is eligible for the tax credit? First time home buyers purchasing any kind of new home, both new and resale after January 1, 2009 – December 1, 2009.
2. What is the definition of a first time home buyer? A buyer who has not owned a principle residence during the three year period prior to the purchase.
3. How is the tax credit determined? The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
For more information log onto: http://www.federalhousingtaxcredit.com/2009/faq.php
I can also answer most if not all your questions as it relates to the plan so give me a call. 678-279-4717.
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