Monday, 10 August 2009 14:41
by
Chuck
In 2008, the Housing and Economic Recovery Act was passed, which allows a tax credit of 10% of the purchase price of the home, up to $7,500, for any first-time homebuyer, who purchases a home prior to December 31st, 2008. This program was enhanced for homebuyers who purchase a home in 2009 prior to December 1st and, unlike the previous version that had to be repaid, this credit (10% or $8,000 for 2009) is available without repayment as long as you occupy the home for 36 months after the date of purchase. Here are some additional points to consider: [More]