$8,000 Housing Tax Credit

    • Origin: You can apply for this credit if you bought your home between December 31st 2008 - December 31st 2009. Deadline has been extended into 2010.
    • Length of Ownership: The tax credt does not have to be paid back as long as you own the home for at least 36 months. http://www.hrblock.com/taxes/tax_tips/ta...
    • Requirements: Must make under $75,000 as an individual or $150,000 as a married couple. http://www.8ktaxcredit.com/
    • How to Claim: You apply for this credit when you are filing your income taxes for 2009 or you can amend your 2008 taxes. http://www.federalhousingtaxcredit.com/2...
  • The $8,000 tax credit is a new incentive for first time home buyers in 2009. If you meet the requirements, you will receive up to $8,000 back when you file your income taxes. This page provides information, news, links and more about the new tax credit.


    The $8,000 first time home buyer has been extended into 2010. New home buyers who close on their home before June 30,2010 will also receive the tax credit.http://www.federalhousingtaxcredit.com/faq1.php

  • Background

    The $8,000 tax credit was part of the $787 billion economic stimulus package that was signed by president Barack Obama in 2009. http://www.usatoday.com/money/perfi/columnist/block/2009-02-16-stimulus-home-car-buyers_N.htm


    A new tax credit of $6,500 is now available for repeat home buyers. Existing home owners who buy between November 6th 2009 and April 30th 2010 will be eligible for the $6,500 tax credit.http://www.federalhousingtaxcredit.com/faq2.php

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