There is good news for all those United States residents who are first time home buyers or haven’t owned a home during the past three years. Yes, this is not a dream now you can actually get First Time Home Buyer Tax Credit .
This is the best time to purchase your dream home as First Time Home Buyer Tax Credit can give you up to $8,000 tax credit. You can now own your dream home if you haven't bought it yet. Well, but this is not only for those who haven't bought a home in the past three years, there is good news for others too. Those of you who are residing in your present home consecutively for five of the past 8 years can obtain up to a $6,500 tax credit. This golden offer closes by June 30, 2010 and there may perhaps be no upcoming extensions, therefore all skilled home buyers are advised to take action and have a written, binding contract by April 30, 2010.The income limit for the First Time Home Buyer Tax Credit for singles is $125,000 and $225,000 for married couples with a $20,000 phase-out of the credit for both.
Take a look at the video to understand details precisely.