[alex_lilit]

Goo day to all,

i got this email, i dont know if its SPAM, or whatelse...

"Up to $7,500 tax credit for qualified first-time homebuyer.
If you're looking for a new home, there's reason to act now! Congress has just approved
a tax credit to help first-time homebuyers (or those who have not owned a home within
the past three years). And Centex can help make the most of the opportunity.
Click here to learn more. Be sure to forward this news to your friends and family!
The credit is a federal tax credit subject to qualifications, conditions and restrictions and repayment of the tax credit is required. The credit is only available for a limited time. Details are set forth in PL 110-289 and general information is available athttp:// www.federalhousingtaxcredit.com. (broken link)

This material shall not constitute a valid offer in any state where prior registration is required or in void by law. 2008 © Centex Homes All rights Reserved.
Centex Homes - SE Florida"

And i guess if its real its no for Foreign People, yes?

Many thanks and sorry for my English

Alessandro

[heydade]

this is true. But it doesn't start until October probably and you have to be a 1st time home buyer (meaning the last home you owned must have sold more than 3 years ago) and there are some other disclosures as well. It's perfect for the 1st time home buyer who doesn't make more than 100K a year, if you do make more...you are also disqualified.

[GregTraub]

True, and it applies to purchases going back to April 9 2008 for FTHB. It works like a 15 year interest free loan from the government. You don't pay up to $7500 on your tax bill this year, if you don't pay that much in taxes you can even get a check in the mail for the difference, but to pay back the government you will have $500 or so added to your tax bill every year until the $7500 is paid back. You will have 2 years to start paying it back. If you sell the home before it's paid back and there is a profit, whatever you still owe will be taken out of the proceeds, if you sell the home and there is no gain, you do not have to make up the difference.

It's designed to boost the First Time Homebuyer market by helping them with some of the expenses you incur in the first few years of owning a home.

Check out Federal Housing Tax Credit for First-Time Home Buyers: Home (http://www.federalhousingtaxcredit.com/ - broken link) for the details.

There is a specific FAQ on the website concerning non-US citizens:

"I am not a U.S. citizen. Can I claim the tax credit?
Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519."