Homebuyer Tax Credit Extended for 2009

As a part of the American Recovery and Reinvestment Act, the 2008 First-Time Homebuyer Tax Credit has been increased and extended. The maximum credit was extended from $7,500 to $8,000 and no longer has to be repaid. First-time homebuyers are defined as anyone who has not owned a home in the past 3 years. This credit applies to purchases made between January 1, 2009 and December 1, 2009. For more details, click on the title of this post, visit our website at http://www.tuftsassociates.com/ or give us a call at (678) 597-5870!