First-Time Homebuyer Tax Credit: Ins and Outs

First-Time Homebuyers: It's Time to Get on the Stick

Excerpt:

The credit allows first-time homebuyers to obtain a tax credit amounting to 10% of their home's purchase price, up to a maximum of $8,000. But you have to close on the home before Dec. 1, 2009. Given that it often takes two months to go from contract to closing, that leaves first-timers with less than two months to find a house.

Here's the skinny on how the credit works.

Comment: Worth a look!