If you are a first time home buyer you are entitled up to $8,000 tax credit. This tax credit has been extended and expanded to include those homeowners who wish to "move on"after being in their current home for 5 years. Check out this site:
$6,500 Tax Credit. Those homeowners that have lived in their homes for 5 out of 8 years are eligible to receive a $6,500 tax credit. There will be no more extensions on this so you need to hurry and buy a home and have a written, binding contract by April 30,2010. Income limits are set to $125,000 for those that are single and $225,000 for those that are married. There is a limit of the purchase amount of the home. That amount must be no more than $800,00. This deal is a very good deal for new home buyers. Buying a home for the first time is hard enough and now you get some extra money back to help out with your new home. You can buy furniture for the new house, decorations, pots, pans, or whatever you may need. Pay off some bills, put money away for a rainy day. Whatever you wish to do with your money I suggest you jump this deal NOW!!. Remember they will not be giving any more extensions so act now! Watch this video below to learn more..