$8,000 Home Buyer Tax Credit Info
- Tax credit is for first-time home buyers only and $6500 for repeat home buyers.
- This credit does not have to be repaid in any form. 8000 for 1st time home buyers, and $6500 for repeat home buyers
- Tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
- The credit is for homes purchased on or between January 1, 2009 and April 30, 2010.
- Married couples with incomes up to $150,000 qualify for the full tax credit; Single taxpayers with incomes up to $75,000 also qualify.
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