Most have heard about the $8,000 tax credit for first time homebuyers. Here are a few tips to see if you are eligible and how to go about claiming it.
According to the National Association of Home Builders, you must have purchased a home from January 1 to December 1 of this year. To be considered a first time homebuyer, however, you only need to have not owned a home in the last three years. This is great news for those who have bought before, but have been out of the homeownership game for a while. The buyer must also “have a modified adjusted gross income (MAGI) less than $95,000 for single tax payers or $170,000 for married filers.”
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by Realty Times Staff
Published: April 10, 2009
Published: April 10, 2009
