Federal tax credits are now available for all homebuyers.

Thanks to the Worker, Homeownership, and Business Assistance Act of 2009, both first-time and repeat homebuyers are eligible for a federal tax credit for homes purchased between January 1, 2009, and April 30, 2010. For qualified first-time buyers, the act extends the current credit of up to $8,000. At the same time, it authorizes a new tax credit of up to $6,500 for qualified repeat home buyers.

With interest rates and new home prices so low, this is truly a buyer’s market. After April 30, there's no telling when – or if – such an opportunity will ever be available again, making this the ideal time to purchase the home of your dreams.

Key Points of the Homebuyer Tax Credit Program

• The tax credit goes directly to you and never needs to be paid back
• To qualify, single taxpayers must earn no more than $125,000 per year and married couples no more than $225,000
• $8,000 credit available to all first-time buyers and buyers who have not owned a primary residence in the past three years
• $6,500 credit available to all repeat buyers who have owned a home for five consecutive years out of the last eight
• Tax credit equal to 10% of the home’s purchase price up to a maximum of $6,500 or $8,000
• First-time purchase must occur on or after January 1, 2009, and on or before April 30, 2010
• Repeat purchase must occur after November 6, 2009, and on or before April 30, 2010
• In cases where a binding sales contract is signed by April 30, 2010, purchases completed by June 30, 2010, will qualify

For more information, visit:
FederalHousingTaxCredit.com