Home Buyer Tax Credit Government
May 4th, 2010
Question: first time home buyer?
Hi I am confused about one thing,
I am a first time home buyer and buying through FHA.
I know if I buy a home this year, next year I will get 8,000 dollars in my tax return.
But some one told me about another type of credit from Government for first time buyers and its a type of loan you can get and pay off in the next few years.
So what is this and how to apply for that? Should I apply now or after buying my house. If I qualify for that would I be able to get the 8,000 in my tax return next year?
and last thing is there any other Government favor for first time buyers in TX?
Answer: If you live in the house for less than 5 yrs, you would have to pay the $8K back, if you live in the home for 5 yrs or more you don’t have to repay it!
Where are you looking to purchase??
Tax credit for new home buyers ends
(WKTV) – Time is up for the program that allowed new home buyers to apply for up to and $8,000 government tax credit. There was also a long term resident home-buyer credit for people who have purchased a house in the past and are now buying a home again. These people could get up to $6,500.
Re: The Government Was Framed
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