San Francisco Real Estate and Community

Provided By Tom Carlson

$7500 First-Time Homebuyers Tax Credit

In July 2008, the Federal government passed the Housing and Economic Recovery Act of 2008 provides a great opportunity for many first-time homebuyers to take advantage of a tax credit of a $7500 tax credit on home ownership. The $7500 tax credit is a dollar for dollar reduction in your income taxes but subject to IRS conditions and qualifications. There is a short window of opportunity as the tax credit program ends June 30, 2009. Buyers must meet eligibility requirements.

For more specific details, please see:

• Federal Housing Tax Credit
• Tax Credit FAQ
• First Time Home Credit
• $7500 First Time Buyer Credit

Related posts:

1. Obama’s Federal Housing Tax Credit Explained

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