return to homepage

Press Releases

First Time Home Buyer Tax Credit

10/7/2008

Enhanced Tax Credit Provides Outstanding Opportunity for Home Buyers

In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. Use the links below to find out more about the tax credit.

Tax Credit at a Glance
  • The tax credit is available for first-time home buyers only.
  • The tax credit does not have to be repaid.
  • The credit is equal to 10% of the home's purchase price, up to a maximum of $8000.
  • The credit is available for homes purchased on or after January 1, 2009 and before December 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.

    CLICK HERE for answers to Frequently Asked Questions.
    *** Information provided by www.FederalHousingTaxCredit.com. ***
  • « Back to Press Releases

    Loading Property Compare

    Property Watch

    Set up free personalized home search criteria, track your favorite properties, and receive email alerts when new homes meeting your criteria come on the market. Login | Sign Up

    Quick Search


    Buffalo / Niagara / Batavia | Binghamton | Capital Region / Schoharie County | Corning / Horseheads / Elmira | Ithaca/Cortland | Hammondsport / Bath / Penn Yan / Keuka Lake
    Glens Falls / Lake George / Queensbury | Rochester / Canandaigua / Honeoye / Batavia | Syracuse / Central Auburn / Skaneateles
    Sidney / Norwich and Oneonta / Cooperstown | Thousand Islands / Watertown | RealtyUSA Listings