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HomeBuyerTaxCredit.com

Home Buyer Tax Credit At-A-Glance

First Time Home Buyers “Step Up” Home Buyers (Long-Time Homeowners)
Credit Amount 10% of your purchase price, up to $8,000. 10% of your purchase price, up to $6,500.
Who is Eligible? To qualify as a first-time home buyer, you cannot have lived in a home you owned in the three years prior to closing. To qualify as a “step up” home buyer (i.e., a “long-time homeowner”), you must have lived in the principal residence that you owned for five consecutive years out of the last eight.
Income Qualifications Income of $125,000 for single filers, and $225,000 for joint filers, with a partial tax credit for people whose income is within $20,000 of limits.
Personal Qualifications You must be a United States citizen (or certain resident aliens), 18 years or older, and not a dependent on someone else’s tax return.
Property Qualifications Eligible property types include single-family homes, condominiums, cooperative apartments, multi-family homes, houseboats, and affixed manufactured homes and trailers. The property you are buying must be in the United States and must be purchased for $800,000 or less.
Deadline You must be in contract by April 30th 2010, and close by June 30, 2010.
Other Major Restrictions For married couples, both spouses must qualify for the tax credit in order for the couple to qualify.

You must live in the property for three years, or you will have to pay the tax credit back.

You cannot buy from a close relative, or from a corporate entity you control.

You cannot sell or move out of the home for at least three years after closing, or you have to pay the credit back.
For a limited time, you may qualify to receive up to an $8,000 tax credit when you purchase an eligible home and meet specific criteria.
Are you eligible? - Start Eligibility Test
Connect with a Realtor - We'll match you with an expert Realtor in your area to assist you in finding a home before the tax credit expires. We can find you an excellent Realtor® in your area to assist you in finding your home before the tax credit expires.
Video Archive
Seven Ways to Make Sure You Meet Your
Seven Ways to Make Sure You Meet Your Home Buyer Tax Credit Deadlines
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Am I Eligible for the Home Buyer Tax
Am I Eligible for the Home Buyer Tax Credit?
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What is the Marriage Penalty in the Home Buyer Tax Credit?
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Am I a Long-Time Homeowner for the Home Buyer Tax Credit?
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Am I a First Time Home Buyer for
Am I a First-Time Home Buyer for the Home Buyer Tax Credit?
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What are the Income Limitations in the Home
What are the Income Limitations in the Home Buyer Tax Credit?
Added: 03/07/2010
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IRS Rules for Claiming the Home Buyer Tax
IRS Rules for Claiming the Home Buyer Tax Credit
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SevenWays to Meet Your Home Buyer Tax Credit
SevenWays to Meet Your Home Buyer Tax Credit Deadlines
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Buying with a Partner and Claiming the Home
Buying with a Partner and Claiming the Home Buyer Tax Credit
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Investing in Real Estate Through the Home Buyer Tax Credit
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Five Things to Know About the Home Buyer
Five Things to Know About the Home Buyer Tax Credit
Added: 01/11/2010
Married Couples and the Home Buyer Tax Credit
Married Couples and the Home Buyer Tax Credit
Added: 01/11/2010
How to Use the Home Buyer Tax Credit
How to Use the Home Buyer Tax Credit to Invest, Buy for Someone Else, or Downsize
Added: 01/11/2010
Fox Business Interview with Greg Rand from Better
Fox Business Interview with Greg Rand from Better Homes and Gardens Rand Realty
Added: 01/10/2010
IRS Recovery Video Series Announcing New Home Buyer
IRS Recovery Video Series Announcing New Home Buyer Tax Credit
Added: 01/10/2010
IRS Recovery Video Series on How to Claim
IRS Recovery Video Series on How to Claim the Home Buyer Tax Credit
Added: 01/10/2010
IRS Recovery Video Series for Special Rules for
IRS Recovery Video Series for Special Rules for Military Personnel and other Government Employees
Added: 01/10/2010
National Home Builders of America Explanation of the
National Home Builders of America Explanation of the Home Buyer Tax Credit
Added: 01/10/2010
Fox 2 News in St. Louis Interview with
Fox-2 News in St. Louis Interview with Brian McCrae on Home Buyer Tax Credit
Added: 01/10/2010
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About HomebuyerTaxCredit.com
The Home Buyer Tax Credit provides a tax credit of 10% of the purchase price a home up to $8,000 for first-time home buyers and $6,500 for “step-up” home buyers who are long-time homeowners. Both the first-time home buyer tax credit and the long-time homeowner tax credit are available for eligible buyers who are in contract by April 30, 2010 and closed by June 30, 2010. Please note that we have created this site to provide information only, and not to provide tax advice, and that you should not rely on the information on the site. Please discuss your tax matters with your accountant or financial advisor.

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