First Time Home Buyer Tax Credit – What Does It Mean For You?

There has been some confusion lately with the First Time Home Buyers Tax Credit. This has been caused by the fact that there are two tax credits that has been enacted in less than a year. Here I will give you a quick summary of both.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