First-Time Home Buyer Tax Credit

Modified for 2009

·      First Time Homebuyers

(or have not have owned a primary residence for 3 years)

·      Income Limits

§      Single:  up to $75,000

§      Joint:    up to $150,000

·       Amount:  10% of the purchase price or up to $8,000

·      Home must be purchased between 1-1-09 and 12-1-09

·      No repayment required (must reside in home for 3 years)

·      This is a tax credit that is claimed with your 2009 tax return

·      For more information go to:  www.federalhousingtaxcredit.com