Congress Enacts Bigger and Better
Home Buyer Tax Credit
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.
$8,000 Home Buyer Tax Credit at a Glance -The tax credit is for first-time home buyers only. -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. |  |
* Applies to spec homes under roof. SUBJECT TO CHANGE WITHOUT NOTICE
• P: 815-399-8100 • F: 815-399-4726 • E: 