$8,000 First-time Home Buyer Tax Credit
By: NCR Credit Plus Credit Repair Views: 6140 | Comments: 0 | Votes: 0

* The $8,000 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 is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. Who Qualifies for the Extended Credit? 2. No. More