$8k Tax Credit for Homebuyers
Recently Congress, in an effort to motivate homebuyers to put the economy back on track, has enacted legislation to provide a tax credit to buyers. The offer is valid for purchases made only during the 2009 calendar year, and for first-time homebuyers only, although the $8,000 credit is quite the reward. In addition, the new tax credit does not need to be repaid over time, much unlike its predecessors.