So many people have been thinking about buying a new home but are waiting on the right time. With the tax credits that are being offered the right time is now for many prospective buyers. The Home Buying Tax Credit program has been expanded to include more people. For first time home buyers you can receive a tax credit for up to $8,000. This also includes anyone that has not owned a home in the last three years. There is also another group that qualifies for the expanded version of tax credits and those are the people that have lived in your home 5 out of the last 8 years consecutively. These individuals may qualify for a $6,500 tax credit. This opens the program up to a much larger group of individuals that may have been thinking of moving. This program ends in April 2010. You have to have a written, binding contract on your new home by that date to qualify. The American dream is now going to be available for more people thanks to these tax credits.

This entry was posted on Thursday, January 28th, 2010 at 10:43 am and is filed under Financial. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.