-The new American Recovery and Reinvestment Act of 2009 bill offers an $8,000 tax credit to first time home buyers!
-This first-time home buyer credit is available for people purchasing a primary residence on or after January 1, 2009 through December 1, 2009.
-The credit does not require a repayment.
-Many of the fundamentals of the credit will be similar to the act under the 2008 rules: The credit will be claimed on a tax return to reduce the buyer's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the buyer.
If you are a First time home buyer, take advantage of this eight thousand dollar credit...this is a great opportunity to buy a piece of Real Estate!
Do you think that they should extend the credit, and why?
If you have any questions contact:
Oliver Graf
Real Estate Expert
Follow me on Twitter: Twitter.com/OliverGraf360
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