2009 Tax Credit for First-Time Home Buyers

Some more information was recently e-mailed to me about the 2009 tax credit.  The most recent economic stimulus package, the American Recovery and Reinvestment Act, signed by President Obama included a tax credit for first time home buyers.  It allows for up to an $8,000 tax credit for qualified buyers.  The best news is this credit does not have to be re-paid, and is refundable! 

The name of the credit can be somewhat misleading, because you don't literally have to be a first time home buyer.  If you have not owned a principal residence in the past 3 years at the time of purchase you can qualify for the credit. 

Jared Hammond

Jared Hammond

Real Estate Associate
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