Tax Credit Expanded For First Time Home Buyers

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

When I bought my house in 2006, I don't even think I even thought about any type of first time buyers savings that might have been available. All that I knew was I wanted a house and for that house to be in my name, The American Dream, right? I got what I wanted in 2006 and have spent quite a bit of money fixing my American Dream. At least there are certain tax benefits when owning your own home.

I was reading online this morning about a tax credit for those that are looking at buying a house now. For first time home buyers or those that have not owned in the last three years can receive up to an $8,000 tax credit. They also have an option for those homeowners that have been in their home consecutively for 5 of the last 8 years can also receive up to an $8,000 credit. If you are in the market of buying a house right now, you might want to see what 2010 Homebuyer Tax Credits are available to you too! The income limits have been changed to $125,000 if you are single or $225,000 for married couples.

Until Next Time

Stefani