Tips from the IRS – Money in your pocket with first-time homebuyer credit

Here’s a Tip from the IRS. . . Did you buy a house or a condo recently? If you did, it could mean money in your pocket. Thats right, if you bought a home last year you could get a 75-hundred dollar interest-free loan – courtesy of Uncle Sam — and you have 15 years to pay it back. On the other hand, if you buy a home this year before December the first, you can get a tax credit of up to eight-thousand-dollars either on this years return or next years return, and you dont even have to pay it back. To learn more about the first-time homebuyer credit go to IRS.gov.

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