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$8,000 Home Buyer Federal Tax Credit at a Glance

• 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 before April 30, 2010.

• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

  Click Video Below for more detailed Information about the $8,000 Tax Credit:
  
  

The Gores Real Estate Team - Copyright 2007 GotIDX - Mary Gores and Mark Gores
Contact: Mark Gores(612)201-5447