Homebuyer Tax Credit

What is it?

  • Tax incentives to buy a new home before May 1, 2010
  • An extension of the first-time homebuyer tax credit
  • New tax credit for certain repeat homebuyers
  • The tax credit generally does not have to be repaid

Why is it important now?

  • Buying a home may be more affordable now
  • First-time homebuyers may be able to save up to $8,000
  • Long-time homeowners may be able to save up to $6,500
  • Eligible credits can lower your taxes dollar-for-dollar
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The information contained herein is drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, or financial planning advice. Consult your tax advisor for specific advice.

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