2009 $8000 First Time Home Buyer Tax Credit
$8000 Tax Credit to First Time Home Buyers. - Called The American Recovery Reinvestment Act. There are some interesting details to the plan. Available for purchases made from Jan. 1, 2009 to December 1, 2009. 10% of the cost of the home up to $8000. Buyers claim the credit on thier federal tax return to reduce their liability. If the credit is more than their total tax liability that year, the buyer will get a refund check for the balance. A first time homebuyer is defined under the tax credit as an individual who has not owned a home in [...]