First time homebuyers have exactly 273 (Dec 1st) days to buy a home if they want to pocket $8,000 tax free. It’s not long. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. Every homebuyer has unique circumstances, however, and specific questions. The National Association of Home Builders (NAHB) has launched a consumer Web site with detailed information and an extensive list of common questions.
This homebuyer resource is found at: www.federalhousingtaxcredit.com