for the $8000 tax credit what does first time homebuyer mean 2 or 3 years since your last purchase?

  • March 08 2009 - Allapattah
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Answers (8)

Hello realestatepsychology,

Here's a link to some short video that may answer your questions about the $8,000 Federal Housing Tax Credit.
  • August 26 2009
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If you have NOT owned a home in the past 3 years, you qualify.

  • July 27 2009
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if i inherited a home from my dead parents  and last lived in it 2 years ago can i qualify for an $8000. tax credit
  • July 27 2009
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if i inherited a home from my parents dying does this entitle me to a $8000 credit
  • July 27 2009
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3 years
  • June 23 2009
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why not just give all buyers 60k? that would stop the price slide!!!
  • June 23 2009
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The current tax credit is for home buyers that haven't owned a home for 3 years.  However, what might be of interest is a new proposal for a $15000 tax credit for all homebuyers.  You can check CNBC for an article that discusses the proposal. 

To summarize the new proposal, some legislators do not think the $8000 tax credit is reaching enough buyers due to income restrictions and ownership within 3 years.  The new proposal if passed, will make it easier to qualify for the tax credit and at a higher amount. 

Hope this helps!
  • June 23 2009
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3 years since you last owned a home, not since you purchased.  If you last sold a home 3 years ago, you may qualify.
  • March 08 2009
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