Tax Credit Provides a Great Opportunity for Vero
Beach First Time Home Buyers
In its efforts to stimulate the economy and revive the
housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time Vero
Beach home buyers.
But time is of the essence for buyers who want to take
advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before
December 1, 2009 are eligible.
The $8,000 Home Buyer Tax Credit at a Glance
The tax credit
is for first-time home buyers and people who have not owned a home in the last 3 years.
The tax credit does not have to be repaid - this provision is a change from prior
legislation.
The tax credit is equal to 10 percent 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 December 1,
2009.
Single buyers with incomes up to $75,000 and married couples up to $150,000 qualify for the full tax
credit.
Video Interview: Tax Economist
Answers Questions About the Home Buyer Credit
Rob Dietz, Ph.D., director of tax issues for the National
Association of Home Builders, discusses the $8,000 first-time home buyer tax credit in this videotaped
interview.
- Vero Beach FL First Time HomeBuyer
Vero Beach Homes for Sale for First Time Home Buyers - Watch Video, Download Information Brochures and Forms
- Downpayment Asisitance
Indian River County Can Assist First Time Homebuyers with a Bridge Loan to Provide the $8,000 Tax Credit Up Front
|