$8,000 Home Buyer Tax Credit

Welcome to the home buyers section assisting buyers looking for Houston-area real estate. Be sure to view the homes search tools on the Properties page of this site. Below you will also be able to get more information about the $8,000 tax credit and how it applies to you.

$8,000 Home Buyer Tax Credit at a Glance:

• The 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 does not have to be repaid.
• The tax credit is equal to 10% of the home's purchase price up to $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

 For more information on the $8,000 Tax Credit Stimulas Package, click on the following link.

http://realestate.yahoo.com/promo/final-score-8000-for-homebuyers.html