Lehigh Valley Home Buyer Tax Credit

Lehigh Valley Home Buyers can take advantage of the enhanced Tax Credit that was signed into law.

The enhanced version of the Tax Credit include First Time Home Buyers as well as any buyer who has owned a home for 5 (consecutive years) or more out of the last 8 years.

For instance, a divorced person has been living in a rental for 2 years but before that owned a house for at least 5 years. The Previous Home Owner is now eligible for a tax credit of $6,500.

The First Time Home Buyer will receive up to $8,000 max as a Tax Credit. A First Time Home Buyer is anyone who has not owned a home in the past 3 years.

There are guidelines with respect to income and the price of the home in order to receive either of these credits but it is exciting news for most Lehigh Valley Home Buyers.

For more information, visit www.LehighValleyHomesOnline.com