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Last year's $7500 Tax Credit for homes bought in 2008 is a no-interest loan. It must be repaid.The NEW 2009 $8000 Tax Rebate is a rebate check-- and you do not have to actually owe any taxes to get the check. You simply must be a first time homebuyer, fit the income limits, and a few minor other requirements-- and they send you a check. Must buy before December 1, 2009.There is a great article on the new Rebate on Washtington Post: Read It.If this answered your question, please click on THUMBS UP below V
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For Sale: $29,995
For Sale: $59,000
For Sale: $437,900