$8000.00 Tax Deduction for First Time Home Buyers

February 18, 2009 — 109 Comments

I was a little disappointed to hear the $15,000.00 got axed in the Stimulus Package, but at least the $8000.00 does not have to be paid back.

If you are a first time home buyer, now would be a good time to consider buying your first home.

  • Prices have never been lower in Ann Arbor and throughout Washtenaw County
  • The interest rates are low hanging around 5%
  • You get to deduct the 8000.00 to purchase your new home.

Here is a quick guide to how you can apply the tax credit and how it compares to the $7500.00 credit in 2008.

You can click here to search the Ann Arbor Area MLS.

picture 11 $8000.00 Tax Deduction for First Time Home Buyers

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 $8000.00 Tax Deduction for First Time Home Buyers

About Missy Caulk

Missy Caulk has written 410 post in this blog.

Ann Arbor Real Estate Broker, affiliated with Keller Williams Realty and team leader for the Missy Caulk TEAM. We love the Ann Arbor area, showing homes and talking about our great community.

Missy Caulk

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Ann Arbor Real Estate Broker, affiliated with Keller Williams Realty and team leader for the Missy Caulk TEAM. We love the Ann Arbor area, showing homes and talking about our great community.