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More on the First Time Home Buyer Tax Credit

June 24th, 2009 · No Comments

Tax economist for the National Association of Home Builders, Robert Deitz, explains the ins and out of the first time home buyer credit for 2009. The biggest revelation of this interview is that the 2009 tax credit does not have to be repaid as it was in 2008. The 2009 tax credit is also refundable meaning that if you don’t have a full $8,000 in tax liability, you’ll still get the remaining balance as a refund from the IRS.

Tags: Real Estate Tips