Wednesday, February 18, 2009

First-Time Home Buyer Tax Credit

In recent weeks there have been lots of discussions around most office water coolers, discussions about Congress, the stimulus package and the housing market. In our office, we have all been talking about it not stop!

It is official, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

Unlike the tax credit from 2008, the new credit does not have to be repaid.......but remember time is of the essence! Only houses bought between January 1, 2009 and before December 1, 2009 will qualify.

Here is a useful link to find out more about the tax credit.

So, if you were thinking of getting out of that rented house and getting on to the property ladder then give me a call 802 846 9552.

- Stella Abraham, REALTOR

Coldwell Banker Hickok & Boardman Realty
346 Shelburne Road, Burlington, VT 05401

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