One of the stimulus items enacted last year was a tax credit for first time buyers.  Well, not really first time.  If you haven’t owned a home in three years, you’re a first-timer.

Buy between April 8, 2008 and July 1, 2009 and take advantage of the offer.

What do you get? $7500 credit on your tax return.

How do you qualify?  You must be a couple making less than $150,000 adjusted gross income; $75k for singles.

I’m not a CPA so check with yours for the details.  You can also read more about it from the National Association of Realtors’ PDF.

Got a San Mateo County real estate question?   Call me at 650.888.9268 or send me an email Vicki [at] CallVicki.com.   If you like what you’ve read, subscribe to the San Mateo Real Estate Blog feed.

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