Many people are still wondering what the $8,000 tax credit is all about so we have put $8,000 tax credit by Derrick Monroetogether a quick Q&A of the most common questions.
Q: What type of home purchases qualify for the first time home-buyer credit?
A: Any home located within the United States that is a primary residence. You must buy the home before Dec 1, 2009 to qualify for the first time home buyer credit.
Q: What is the tax credit anyway?