Should I take first time home buyer credit?

Answer On One Hand: $8,000 Can Pay For ExpensesWith the $8,000 first time home buyer tax credit, a new homeowner can purchase furniture, do needed repairs on the home or simply pay down other debt. This t... Read More »

Top Q&A For: Should I take first time home buyer credit

What Do You Need for a First-Time Home Buyer Credit?

The First-Time Home Buyer Credit is a tax credit for people who bought their first homes between 2008 and 2010. This credit for first-time homeowners is 10 percent of the purchase price of the home... Read More »

What kind of home qualifies for the first time home buyer credit?

Home buyers who haven't owned a home in the previous three years can get a tax credit of up to $8,000 on their federal income tax return. For most buyers, the home must be under contract by April 3... Read More »

First Time Home Buyer Credit Rules?

Buying your first home is a highly anticipated milestone. Looking for your first home can be exciting, but completing the paperwork, figuring out credit rules and qualifying for a loan can be exhau... Read More »

Is the $8,000 First-Time Home Buyer Tax Credit a Check to the Taxpayer?

The $8,000 first-time home buyer tax credit is either added to that individual's refund or deducted from the amount he owes. For example, if an individual owes $1,000 in taxes, he would receive a r... Read More »