First Time Homebuyers

I have blogged about the tax credit for new home buyers before but need to clear up a few issues. As you know first time home buyers are eligible for a tax credit of 10% of the purchase price of a home up to a maximum of $8000.00. Something I just learned about is that you will get the full $8000 tax credit even if you do not pay $8000 in federal income tax. Even more reason toget out there and buy that first house.