Home Builders Association of Chester and Delaware Counties

HR 3221: Home Buyer Tax Credit

Visit www.federalhousingtaxcredit.com for more information
 

First-Time Home Buyer Tax Credit at a Glance

  • The tax credit is available for first-time home buyers only.

  • The maximum credit amount is $7,500.

  • The credit is available for homes purchased on or after April 9, 2008 and before
    July 1, 2009.

  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

For Builders:
 

* Frequently Asked Questions about the tax credit (here)

* Legal Issues, Laws and other provisions (here)

* A Special edition of of Nation's Building News (NBN)

 

For Consumers:

*Resources for Consumers and Homeowners relating to the First Time Homebuyer Tax Credit (here)