In addition to low interest rates and various tax advantages, first-time home buyers now have another powerful financial motive to leave the fence and take advantage of their unique opportunity in home purchasing.

Congress has now enacted a bigger and better Home Buyer Tax Credit!

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

For a list of frequently asked questions on the government’s new tax credit, visit www.federalhousingtaxcredit.com.

Other helpful links, for additional tax credit information:

http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

www.irs.gov

http://ari.org/Content/FederalTaxCredits_896.aspx

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