G4 Realty

If you are a first-time home buyer or haven't owned a home in the last 3 years, then you are eligible for a limited-time tax credit up to $8,000.  This is not just a deduction, but a credit against any Federal taxes you owe.  So if you owe $5,000 in taxes you could actually end up getting a $3,000 refund!  The home must be purchased between April 9, 2008 and July 1, 2009.  There are additional requirements, so consult with your tax advisor.  You can find more information at www.federalhousingtaxcredit.com