First Time Home Buyer Tax Credit in Rumson New Jersey

$8,000 Home Buyer Tax Credit at a Glance

• The tax credit is for first-time home buyers only.

• The tax credit does not have to be repaid.

• The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.

• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

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For more information on the First Time Home Buyer $8,000 tax credit.

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Brought to you by the

New Jersey Association of REALTORS®