Atlanta Home Buyers Take Advantage of $8,000 Tax Credit

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

Who is Eligible?
• The $8,000 tax credit is available for first-time home buyers only.
• The law defines a first-time home buyer as a buyer who has not owned a home during the past three years. If you've owned an investment property that was not your principle residence, you may still be eligible.
• All U.S. citizens who file taxes are eligible to participate in the program.

Types of Homes That Qualify for the Tax Credit
• All homes within the United States, whether single-family, townhomes or condominiums will qualify.
• The home must be used as a principal residence.
• The tax credit includes newly-constructed homes.

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