The Ruhl Blog

2009 – First Time Homebuyer Tax Credit – FAQ’s

1. How much can I claim for the tax credit? Borrowers can claim up to $8,000 or 10% of the home's purchase price, whichever is less.. 2. Who is eligible for this tax credit? First time homebuyers, defined as those who have not owned a principal residence during the three year period prior to purchase of the home. For married couples, their...

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