It’s true folks. The $8,000 first time home buyer tax credit has been extended until April 30th 2010. 1st time home buyers who buy a home, condo, or townhome will be eligible for this credit.
Remember there are income restrictions. Single buyers who make over $125,000 and and married couples who make over $225,000 will not be eligible for this tax credit. Also, this credit is only for homes purchased that are under $800,000.
There is also a $6,500 tax credit for current home owners buying a home that have lived in or owned their property for 5 years. Let me know if you have any questions about these programs. Remember this tax credit is available if you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake City. It is a nation-wide program.
For more info regarding this program read this article from the National Association of Realtors http://www.realtor.org/HOME_BUYERS_AND_SELLERS/2009_FIRST_TIME_HOME_BUYER_TAX_CREDIT