Summary of Rules $8,000 USA Federal Housing Tax Credit Info

Here are the basic eligibility requirements for the 8k tax credit for US first-time home buyers:

$8,000 Home Buyer Tax Credit Rules Summary

• Tax credit is for first-time home buyers only.
• This credit does not have to be repaid in any form.
• The credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The federal tax credit is for homes purchased on or between January 1, 2009 and November 30, 2009.
• Married couples with incomes up to $150,000 qualify for the full tax credit; Single taxpayers with incomes up to $75,000 also qualify. 

More online information about the $8,000 Tax Credit for new homebuyers in USA