The tax credit is available for first time home buyers and some existing home owners.
- The maximum credit amount is $8,000 for first time home buyers.
- The maximum credit amount is $6,500 for existing home owners.
- The credits are available for homes purchased
- on or after November 6, 2009
- and before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010)
- Single taxpayers with incomes up to $125,000 and...
- Married couples with incomes up to $225,000 qualify for the full tax credit!
- The tax credit does not have to be repaid!
* This information is provided for general awareness only, and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind. Please consult with your tax professional for complete details. Available to first-time homebuyers only.