First-time Homebuyer Tax Credit

The housing and economic recovery act of 2008 provides a tax credit to first time home buyers on purchases on or after April 9, 2008. This is a tax credit in the amount of ten percent of the cost of the home up to and not to exceed $7500. This is a credit and must be paid back over the next 15 years. This tax credit is only available on purchases through July 1, 2009. So now is the time to take advantage of this. There are income restrictions and is only available on Single-family residences. For more information on this wonderful opportunity please visit with your accountant or tax preparer or email me at marc@cheyennehomes.com