First Time Home Buyers Need to Purchase Now to Qualify for Tax Credit

Federal Tax Credit for First Time Home Buyers is Contingent on Closing Home Sale by November 30th.

Time is running out for home buyers looking to purchase their first home and qualify for the $8,000 Federal tax credit. According to the National Association of Home Builders (NAHB) first time home buyers looking to purchase a new home in 2009 and take advantage of the $8,000 first time home buyer tax credit, should do so immediately in order to qualify. The Federal tax credit is contingent upon closing the home sale prior to the November 30th deadline. full story..