How to Get The $8000 Home Tax Credit
The Government is currently offering an excellent incentive for first time home buyers .... an $8000 tax credit!. Follow the simple steps below to find out how to take advantage of this amazing offer.
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Instructions
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Know the Details
To start off you will need to learn about the details and rules of this offer. The most important thing to remember is that the tax credit is only offered to first time home buyers . However , if you have not owned a home within the last 3 years , you will also be eligible for this tax credit. You can read more important details on rules by logging on to federalhousingtaxcredit.com (See Resources Section Below)
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Know the Restrictions
Keep in mind that the tax credit applies to %10 of the purchase price of your home , and is capped at $8000 (in tax credit) . So if you purchased a small house at a super cheap price of say $50,000 you would only receive a $5000 tax credit , as %10 of $50,000 = $5,000 . Most homes will far exceed this amount , so this is just something to keep in mind.
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Purchase a Home
Your next step is of course to purchase a home . The $8000 tax credit is offered nationally so no matter what state you purchase your home you will be eligible for this tax credit.
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Own Home for 3 Year
Once you have purchased your home and claimed the tax credit , you will need to remain home owner of this residence for no less than 3 years . Failure to do so may result in forfeiture and return of your tax credit.
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Visit my resources section below for more details concerning the $8000 home tax credit.
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