First Time Homebuyers Tax Credit for 2009

Saturday, March 28th, 2009 at 4:19pm. 1006 Views, 1 Comments.

First Time Homebuyers Tax Credit for 2009

We've been getting a lot of calls lately with questions pertaining to the new $8,000 first time homebuyers tax credit that was passed in the stimulus bill. It's easy to get confused with all of the information out there comparing it to the 2008 Tax Credit so I'll try to keep it as simple as possible. Let's forget the 2008 Tax credit bill which was really structured as a loan that had to be paid back. I think it's pretty safe to say it was not very successful despite all of the promotion from sales minded entities.

The 2009 first time homebuyers tax credit does not have to be paid back. But of course.... there are requirements.

Keep in mind that I am a Realtor® and not an Accountant or Tax Advisor. All the "What If"…