First Time Homebuyer Tax Credit

How much is the First Time Home Buyer Tax Credit?

• The lesser of 10% of  the purchase price of the home or $8,000.  Make sure you provide a copy of your HUD-1 closing statement to your tax advisor so that he can claim the appropriate amount on your tax return.

Existing Homeowner Tax Credit

How much is the existing homeowner tax credit?

• The lesser of 10% of  the purchase price of the home or $6,500.  Make sure you provide a copy of your HUD-1 closing statement to your tax advisor so that he can claim the appropriate amount on your tax return.