Thinking of buying your first home? You may be eligible for an $8,000 tax credit that does not have to be repaid! In order to qualify for the federal first-time home buyer tax credit, the transaction must close before 11:59 p.m. on November 30, 2009, or if the home is a new construction, you must be occupying the home by November 30. Income limits do apply. The full credit is only available to individuals with an adjusted gross income of less than $75,000, or married couples with incomes of less than $150,000. Maximize your purchasing power in this unique market before the tax credit expires. For more details on how to claim the credit and to read real world examples from consumers who’ve had success, visit www.REALstoryNJ.com.
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