KILLER IRS Credit for First Time Home Buyer

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 12, 2010 -- First time home buyers are eligible to receive a credit of 10% of the purchase price, under certain circumstances.

First Time Home Buyer Credit Qualifications

Your adjusted gross income must not exceed $75,000 or $150,000, if you file a joint return.

If your financing comes from tax-exempt mortgage revenue bonds or if you are a non-resident alien, you cannot qualify for this credit.

$8,000 Nonrefundable Credit For A Qualified First Time Home Buyer

If you are eligible, you are subject to receive a credit of up to $8,000.

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KILLER IRS Credit for First Time Home Buyer

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http://www.taxproblem.org/income-tax-breaks-blog/first-time-home-buyer-credit/

If you bought the home in 2009, you do not have to repay this amount back, unless you resell the home or the home ceases to be your main residence within three years after the purchase.

More information can be found online at http://www.taxproblem.org/income-tax-breaks-blog/first-time-home-buyer-credit/

first time ome buyer credit     nonrefundable credit     tax credit qualifications