This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on 2009 tax returns. You do not have to repay the credit, provided the home remains your main home for 36 months after the purchase date. You can claim 10 percent of the purchase price up to $8,000.
The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.
For purposes of the Federal credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own any other main home during the three-year period ending on the date of purchase.
WHEN WAS THE LAST TIME YOU WERE GIVEN $28,000 TO PURCHASE A HOME ????????
For more information about these programs and others go to: http://www.kchomeprograms.com/program/all_programs.php?op=all