First Time Home Buyer Credits

The Internal Revenue Service released new statistics today on how many people have cashed in on the first-time home buyer tax credit through February 20. Nationwide, nearly 1.8 million people have earned $12.6 billion in tax credits.

In Florida, 128,517 people have filed for the credit, which is good for housing contracts signed before April 30 and closed before June 30. So far, Floridians have cased in on $936 million in savings on home purchases.

Some current home owners are eligible for up to a $6,500 tax credit.  California had the highest sum of tax credits claimed at $1.4 million from 202,998 people.

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