Extended until Sept. 2010

$8000 Home Buyer Tax Credit At A Glance

• The tax credit is for first time homebuyers. Anyone who has not owned a home in the last three years is also eligible.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before April 30, 2010
• Taxpayers with modified adjusted gross income up to $150,000 qualify for the full tax credit. Fill out IRS Form 5405. No other applications or forms are required, and no pre-approval is necessary.
• Any home used as the taxpayer’s principal residence qualifies – including all Manufactured and Modular Housing.