Posted by Laurie Randazzo on Wed, Aug 20, 2008 @ 08:23 PM
The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax
credit for qualified first-time home buyers purchasing homes on or
after April 9, 2008 and before July 1, 2009.
1. The tax credit is available for first-time home buyers only.
2. The maximum credit amount is $7,500.
3. The credit is available for homes purchased on or after April 9, 2008 and
before July 1, 2009.
4. Single taxpayers with incomes up to $75,000 and married couples with incomes
up to $150,000 qualify for the full tax credit.
5. The tax credit works like an interest-free loan and must be repaid over a
15-year period.
For more information, contact Bill (Real Estate) Caci or Laurie Randazzo @
781-729-6200