1.)   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.

2.)  The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

3.)  The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

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

$8,000 Home Buyer Tax Credit at a Glance

The information on this page pertains to the American Recovery and Reinvestment Act of 2009.

First-time home buyers who purchased a principal residence on or after
April 9, 2008 & before January 1, 2009 may qualify for an $7,500 tax credit.

CLICK HERE - For Frequently Asked Questions & Answers

CLICK HERE - To Download The First Time Home Buyer Tax Credit Form

CLICK HERE - To Review The Differences Between The 2008 & 2009 Programs