2009 Homebuyer Tax Credit...
The final stimulus bill passed yesterday includes a tax credit of up to $8,000...
2009 Homebuyer Tax Credit
- Must buy a primary residence home between January 1, 2009 through December 31, 2009
- Must owner occupy the home for 3 years otherwise credit must be paid back
- Income must be less than $75,000 for individuals ($150,000 for couples)
- Cannot have owned a home for the past three years
- Tax credit is 10% of homes sale price up to $8,000 maximum credit
- Tax credit claimed on 2009 tax return (year home purchase occurred)