Am I Eligible for the First-Time Homebuyer Tax Credit?

MarkSpurbeck | Thursday, February 4th, 2010 | No Comments »

iStock_000004266807SmallHomebuyers who purchased a home in 2008, 2009 or 2010 may be able to take advantage of the first-time homebuyer credit.

The credit:

  • Applies only to homes used as a taxpayer’s principal residence.
  • Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

Please Click here for IRS Form to be attached to your annual tax return.

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Mark Spurbeck
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