$7500 First-Time Home Buyer Tax Credit

First-Time Home Buyer Tax Credit at a Glance

The $7,500 tax credit is available for first-time buyers, defined as anyone who has not owned a principal residence during the three year period prior to the purchase.

The credit is available for homes purchased on or after April 9, 2008 through July 1, 2009.

Single taxpayers with incomes up to $75,000 and married couples up to $150,000 qualify for the full tax credit. If your income exceeds this amount, you may be eligible for a partial credit.

For additional information regarding the First-Time Home Buyer Tax Credit, please visit www.federalhousingtaxcredit.com.