The $8,000 credit for first time purchasers and the $6,500 credit for the so called "move up" homebuyers are worth taking a look at to see if you may qualify. Both credits are available now and offer attractive benefits to those considering the purchase of a home. A good consumer resource to review frequently asked questions on both can be found at www.federalhousingtaxcredit.com, which is sponsored by the National Association of Home Builders. Keep in mind the deadlines established for these tax credits expire in 2010 and you should not assume that Congress will provide extensions to either one. Both tax credits are worth exploring to determine if you may qualify.Labels: First Time Homebuyer Tax Credit, Tax Credit for "Move Up" Homebuyers
