First-Time Home Buyer Tax Credit at a Glance

  • The tax credit is available for first-time home buyers only.
  • The maximum credit amount is $7,500.
  • The credit is available for homes purchased on or after April 9, 2008 and before
    July 1, 2009.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
  • The tax credit works like an interest-free loan and must be repaid over a 15-year period
RE/MAX Realty Group P.O. Box 962 Pasadena, MD 21123
Phone: 443-305-2844 Office 410-795-2800
Renee@findmeagreathome.com