Federal Housing Tax Credit

The H.R. 3221 Housing and Recovery Act of 2008 has just been passed allowing first-time homebuyers to take a $7,500 tax credit from the purchase of a single-family home.

-The tax credit is available for first-time home buyers only.

-The maximum credit amount is $7,500.

-The credit is available for homes purchased on or after April 9, 2008 and before July 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.

Please visit www.federalhousingtaxcredit.com for more info.