$8,000 Tax Credit
March 4, 2009The House and the Senate passed the $787 billion stimulus bill that President Barack Obama signed into law Tuesday which is designed to help revive the real estate market. Here are eight things you need to know about the $8,000 first-time Homebuyers Tax Credit.
$8,000 to new buyers: This credit is equivalent to 10 percent of the purchase price of the home–although it’s capped at $8,000–and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have to be repaid.
I hope you enjoy our presentation. If you have any questions please e-mail us and we will send you our report on the $8,000 tax credit. Contact Us
As always, you can view all the homes available in the Columbus Board of Realtors at www.TheColumbusMLS.com.
