The U.S. Congress recently passed legislation providing a tax credit up to $8,000 for first-time home buyers.Now is the time to take advantage of this limited time offer. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible.






The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as 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.

The tax credit is equal to 10 percent of the home’s purchase price up to
a maximum of $8,000.

The credit is available for homes
purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the
full tax credit.

For more information, please visit www.federalhousingtaxcredit.com or nahb.org. To learn more about the tax benefits of the first time home buyer credit, click here