The Federal Income Tax Credit for First Time Home Buyers will give you up to $8,000 in cash – just because you bought a house! It is time to consider buying your own home and stop paying for someone else’s home. As long as you are paying rent, you are putting money in the pocket of your landlord. However, with the tax credit, you can look at your home buying from a number of different ways. For instance:
You can put $8,000 into your bank account..
You can take $8,000 off the price you paid for the house.