$8,000 2009 Home Buyer Tax Credit Details
click here if you are looking for info on the 2009-2010 tax credit extension that passed in November 2009?The recently approved American Recovery and Reinvestment Act of 2009, combined with favorable resale prices and interest rates, offers home buying bargain hunters a once in a lifetime purchasing opportunity. The measure has features designed to stimulate the economy and spur home sales with the hope that this will trigger a ripple effect throughout the overall economy. Features include:
- An $8,000 tax credit - up from $7,500 - available to first-time home buyers for purchase of principal residence after January 1 and before December 1 2009.
- The credit applies only to homes purchased during 2009.