The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.
The following are frequently asked questions and important information that prospective home buyers should be aware of when considering a home purchase under this tax credit program.
- Frequently asked questions about the $8,000 first-time home buyer tax credit.
- Frequently asked questions about the $6,500 tax credit for repeat home buyers.
- Some key points for prospective home buyers.
- Special rules that apply to members of the military, the foreign service and the intelligence community.
The Senate
