first time home buyer tax credit

Explains the First Time Home Buyer Tax Credit as provided by the Housing and Economic Recovery Act of 2008. Get a $7,500 tax credit for buying a house now! Add $7,500 to this year's tax refund. Now is the time to buy your first home.
The first time home buyer tax credit is made available after the present Obama administration took a big leap in reviving the declining market of housing realty. This tax credit is part of the stimulus package approved by the federal government to resuscitate the ailing US economy. Some of the home buyers can have the $7,500 credit available for them if they are qualified in the mentioned credit qualifications.