8, 000 Home Buyer Tax Credit at a Glance
* The tax credit is for first-time home buyers only.
* The tax credit does not have to be repaid.
* 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 taxpayers with incomes up to $75, 000 and married couples with incomes up to $150, 000 qualify for the full tax credit.
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