February 19, 2009
2009 First-Time Home Buyer Tax Credit Facts
Here are the facts. This is no longer proposed but the law.
FAST FACTS:
This is a TAX CREDIT not a Tax DEDUCTION your buyer will get up to $8000 credit towards taxes owed upon filing 2009 Tax Return
It no longer needs to be repaid as long as buyers keep house three years
FIRST TIME BUYER is anyone that has not owned a PRIMARY home in the past three years
This credit can now be used with CHFA!
FAST FACTS:
This is a TAX CREDIT not a Tax DEDUCTION your buyer will get up to $8000 credit towards taxes owed upon filing 2009 Tax Return
It no longer needs to be repaid as long as buyers keep house three years
FIRST TIME BUYER is anyone that has not owned a PRIMARY home in the past three years
This credit can now be used with CHFA!
January 31, 2009
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