Federal Housing Tax Credit Extended
- $8,000 first-time home buyer tax credit
$6,500 tax credit for repeat home buyers
If you would like to own a home, now is a great time to take advantage of federal dollars to help you out. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. Note also that there are income restrictions.