Tag Archives: 8000 tax credit
It looks like the homebuyer tax credit will (likely) be extended. Maybe.
- Income eligibility for home buyers increases to $125,000 for individuals and $225,000 for couples.
- The tax credit for first-time home buyers (anyone who has not owned in the last 3 years) will be the lesser of $8,000 or 10% of the purchase price.
- For move-up buyers – “who have lived in their current home for at least five years” – the credit would be limited to $6,500.
- The credit runs from Dec. 1, 2009 to April