Friday, August 22, 2008
Attention, First-Time Home Buyers!
Under the annals of "every little bit helps" comes the new, first-time home buyer tax credit. The credit is available for up to $7,500 to those who purchase homes between April 9, 2008 and before July 1, 2009. Single taxpayers with an income of up to $75,000 and married couples with an income max of $150,000 qualify. In the end, the credit works like an interest-free loan and you have to pay it over a 15-year period.