The new homebuyer tax credit is an $8,000 refundable tax credit (or up to 10% of the purchase price), given to first-time homebuyers or purchasers of a “main home" that closed (or will close) between January 1, 2009 and November 30, 2009.
Resources Available to Understand the First-Time Homebuyer Credit:
PDF of FAQ’s to Share with Your Clients Chart Highlighting the Major Modifications to the Homebuyer Tax CreditNAR Detailed Frequently Asked Questions What Stimulus Law Means for REALTORS®: NAR President Podcast
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