Northern Nevada Real Estate and The $8000 First Time Home Buyers Tax Credit
By Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno
(Ferrari-Lund Real Estate )
If you are a first time home buyer and live in Northern Nevada, or anywhere in the United States, you may be eligible for the $8000 first time home buyers tax credit! Great news, right? On February 17, 2009, Congress passed The American Recovery And Reinvestment Act of 2009. The American Recovery And Reinvestment Act of 2009 says that first time home buyers are eligible to receive a $8000 tax credit. How do you know if you are a first time home buyer? The law defines the first time home buyer as "a buyer who has not owned or lived in a principle residence over the past three years." Is this you, are you qualified to be a first time home buyer? If so, keep reading! Listed below are a few simple points that you should know about the $8000 first time home buyers tax credit: The tax ...
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