Posts Tagged ‘first time home buyer incentive’

A tax credit is accessible for qualified first-time home buyers buying a principal residence on or after January 1, 2009 and prior to December 1, 2009. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
The First-Time Home Buyer Tax Credit is part of the American Recovery and Reinvestment Act of 2009.
Through it, Congress allow first-time home buyer’s to receive a tax credit of up to $8,000. The program’s goal was to stimulate first-time home buyer’s buy a home, and by most measures, the plan has work really well.
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