Tycon Insights

If you are a first time home buyer and you have been thinking about buying a new home but were not sure on the right time to buy the time to buy and take advantage of tax credits is now. There are First Time Home Buyer Tax Credit that are being offered as incentives to get those that are thinking of buying to act. You can qualify for a tax credit up to $8,000 if you are a first time home buyer or someone that has not owned a home for the past three years. This is a wide volume of people but there is another group of people that can also receive a tax credit. For those who have been living in their homes for 5 out of the last 8 years consecutively you can also qualify for a tax credit 0f $6,500. This real estate stimulus package will help alot of people that have been wanting to buy the home of their dreams make it a reality. But like all good things this program will come to an end. You have to have a binding, written contract by April 10,2010 to be able to take advantage of this tax credit program. When our housing market gets back on track the economy will follow. These tax credits may be just what it takes to get the housing market stronger and the financial market going the direction that it should.

This entry was posted on Tuesday, January 26th, 2010 at 11:41 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.