The tax credit is available for first-time home buyers only.
-The maximum credit amount is $7,500.
-The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
-Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
For more information about this tax credit and other elements of this legislation that benefits home buyers go to http://www.federalhousingtaxcredit.com/