Stimulus Bill Tax Credit!!

If you buy your first home between NOW and Dec 1, 2009 and your household income is less than $150k (joint filers) you may get up to 10% of the value of the home to a max of $8,000 in tax credit.

This is it people! The only thing that would make this better would be if you could get it before you purchased your home.

Here's the thing! Time is going to pass anyway and pretty soon you will be filing your 2009 tax and believe me an $8000 credit is a good thing.

Here it is From CNN Business.....

Temporary credit for home buyers: The bill increases the size of an existing temporary and refundable first-time home buyer credit to $8,000, up from $7,500. It also removes the requirement under current law that the credit be paid back if the buyer stays in the home for at least three years. And it would extend the credit's expiration date to Dec. 1, 2009, from July 1. Those eligible for this credit must have purchased a home after Jan. 1, 2009, and before Dec. 1, 2009.

The full credit is available to those making $75,000 or less ($150,000 for joint filers). Estimated cost: $6.6 billion.

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