2009-2010 Federal Housing Tax Credit Fact Sheet
Who is Eligible
First-time homebuyers, who are defined by the law as buyers who have not owned a principal residence during the three-year period prior to the purchase, may be eligible for a tax credit of 10 percent of the purchase price, up to a maximum of $8,000.
Repeat buyers – existing homeowners who have been residing in their principal residence for five consecutive years out of the last eight and are purchasi...
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