AT A GLANCE:

• The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

• The tax credit does not have to be repaid!

• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

• The tax credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

• Single taxpayers with an income up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

For complete information, please visit... http://www.federalhousingtaxcredit.com

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