$8000 First Time Home Buyer Tax Credit

Well it is official. A friend of mine, who is also an accountant, has verified that you can get your $8,000 tax credit this year. Providing you qualify for one of course. If you purchase a home before December 1st of 2009 you can amend your tax return for 2008 and receive your tax credit. (waiting the usual time for Uncle Sam to do what he has to.)

If you are considering buying today please do it as early in the year as possible. Rates are rising and while home values are incredibly low the cost of ownership goes up with rising interest rates. No sense waiting until December for your tax credit.

I am not sure but I believe the current tax credit per child you have is $1,000. If I am right about that, this tax credit is like having octuplets this years and not having to change a single diaper.

Gotta love a tax credit!