What is the homebuyer tax credit and how does it work?
Understanding the homebuyer tax credit is a must for any prospective homebuyer. First-time homebuyers may be eligible for a credit of up to $8,000 on homes purchased no later than spring 2010. Repeat homebuyers, thanks to recently passed legislation, have the potential to receive up to $6,500 in credits tax. In this article, we’ll explore…