Monthly Archives: March 2009

The 2009 First-Time Homebuyer Tax Credit

Posted on March 14, 2009 by Terrill Fischer| Leave a comment

All you first time home buyers out there read this post about the Tax Credit you can get on your first home purchase. This explains the tax form you have to claim. It is – Everything you need to know about IRS form 5405. I think it is a must read. http://tinyurl.com/1stTimehomebuyers

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Austin Area First-Time Home Buyer Tax Credit

Posted on March 10, 2009 by Terrill Fischer| 1 Comment

Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

The tax credit is for first-time home buyers only.

The tax credit does not have to be repaid.

The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $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.

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