By Rockport Homes Inc | Feb 18, 2009

Rockport — Have you heard about the First-time Homebuyer Tax Credit? $8000 without any repayment! This tax credit is part of the housing stimulus package to boost the housing industry. The temporary first-time home buyer tax credit will help stimulate home buying, reduce excess supply in housing markets and shore up home prices, so it is crucial to get the word out to comsumers.

First-Time Home Buyer Tax Credit at a Glance

* No repayment as long as you keep the home for 3 years!!

* Available for first-time home buyers only.

* Maximum credit amount increased to $8000.

* The credit is available 1/9/08 until 12/31/09.

* Single taxpayers with incomes up to $75,000.

* Married tax payers with incomes up to $150,000.

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