Discussion:$7500 tax credit for 1st time home buyers
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Discussion Forum Index --> Basic Tax Questions --> $7500 tax credit for 1st time home buyers
Discussion Forum Index --> Tax Questions --> $7500 tax credit for 1st time home buyers
| 25 August 2008 | |
| From items I've read in the past, I thought the $7500 was given over 15 years. That's not the case.
I was in Cinti last week and saw an article in the Enquirer by Dan Hendricks that caught my attention. The first time home buyer has to be within certain income limits and purchase a home by a certain date in order to qualify for the $7500 tax credit. However this is essentially a zero interest loan. It gets paid back over 15 years or when the house is sold. | |
| 25 August 2008 | |
| Enquirer! You need to read the Joint Committee Technical Explanation. There is much more to it than your post. | |
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