So, I have blogged about it before, but I keep showing homes to folks who don't know about this great incentive for First Timers out there right now. If you are a First Time Home Buyer AND you purchase your first home in 2009, you will get an $8000 tax credit. This isn't $8000 off your income. This is a credit. So if come next April you owe $10,000, you will get a credit of $8000 and only owe $2000.
This is out of Obama's Package, and you can find more information at
http://www.federalhousingtaxcredit.com/
This is a GREAT incentive! Take advantage of it!
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