Tagged : First Time Home Buyer Tax Credit 
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$8000 1st Time Home Buyer Tax Credit Gets Better!
Tuesday, June 2nd, 2009 at 9:45am. 217 Views, 0 Comments.
I wrote a few weeks ago about the state and federal tax credits that are available to Utahns who buy a new home (see Utah Home Buyers Can Save Up To $14000). Now the $8000 federal portion of this benefit has gotten even better, thanks to recent action taken by the Obama Administration.
The Economic Recovery Act's $8,000 homebuyer tax credit was designed to provide financial help to enable first-time home buyers (defined as anyone who has not owned a home in the last three years), to purchase a home during these economically difficult times, under the following conditions:
- Must be a first-time homebuyer
- Must purchase the home before November 30, 2009
- Must file a tax return in 2010 to receive up to $8,000 tax credit
The difficulty of this homebuyer tax credit…
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