Home Buyer Tax Credit

It's been very long since my last post as I was busy with my work ethics. Everyone would have enjoyed their holidays for Christmas and New Year. I will make sure in the future in balancing both work and the post simultaneously. Recently when I was surfing through the Internet I came to know about an interesting piece of information. So I thought of sharing it with you people. So friends this post is for all those people who really value information. This post is really going to help all those people who are really interested in getting Home Buyer Tax Credit. The great news is first-time home buyers and buyers who have not owned a home during the previous three years are eligible for an up to $8,000 Tax Credit on a new home purchase. Isn’t it great? If you have owned your home for five of the last eight years, you are also eligible for up to $6,500 tax credit on a new home. The government also raises the income limit for qualifying buyers. Now, single taxpayers could not earn more than $125,000 to receive the full credit. This is much better than the previous limit which was $75,000. Married taxpayers filing jointly could not earn more than $225,000 to receive the full credit. The previous limit was $125,000. Now, we have much bigger chance to buy a home for our family.