The 7500.00 tax credit is available for first-time home buyers only. The law defines a first-time home buyer as a buyer who has not owned a home during the last three years.

Home buyers who file as single or head-of-household can claim the full 7500 credit if their adjusted gross income is less than 75,000 or a married couple is less than 150,000. 

This credit applies to any home purchased after April 9, 2008 and before July 1, 2009. 

Please call Lynn Evans for more information.