Announcing Down Payment Assistance for Police Officers, Firefighters,
First Time Home Buyer - Tax Credit Recap
As a reminder First Time Home Buyers wishing to take advantage of the Tax Credit must have a Purchase Agreement for a primary residence signed no later then April 30, 2010 and they must close no later then June 30, 2010.
The tax credit equates to up to 10% of the home's purchase price and remains capped at $8,000; however qualifying income levels have been raised to $125,000 for single tax filers and $225,000 for joint filers up from the original levels of $75,000 and $150,000 respectively.