Here in this article I will explain you that who are those people for which Tax Credits are available.
Buyers who enter into a binding contract
According to IRS, Tax Credits are available to those buyers who enter into a binding contract by April 30, 2010, and close by June 30, 2010.
First Time Home Buyers
According to IRS, Tax Credits are available to first-time home buyers. These are defined as those people who have not owned a primary residence during the three years up to the date of purchase.
Those people will have to repay the credit who have sold their new home or stop using it as their main residence within three years.
Long time Residents
According to IRS, Tax Credits are available to “longtime residents“.
