Nov. 20, 2008 - $7,500 Tax Credit For First Time Homebuyers!

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$7,500 TAX CREDIT FOR FIRST TIME HOME BUYERS!

Here it is, a way to cut costs in the tax area of our lives and, believe it or not, very few buyers are taking notice of this savings feature in buying a house.  Who can use an extra $7,500 to redecorate their house, get a new paint job, new carpeting or some wood flooring?  The answer is: all of us. 

Keep in mind that this is a tax credit or reduction in taxes which in turn would free up funds to use elsewhere.  The purchase must be completed between April 9, 2008 and July 1, 2009.  Another aspect is that the $7,500 tax credit must be paid back over 15 years but with no interest.  It amounts to an interest free loan. 

Please contact Mary or Joe Skye for further details on the $7,500 tax credit.

Source: David Fialk/RISMedia/IRS Newswire/Skye