On February 17, 2009, the American Recovery and Reinvestment Act of 2009 was passed, which includes a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules.
For tax credit details, go to our website: Tax Credit Information
