$7,500 Tax Credit Now Available to First-Time Home Buyers

When Congress passed the housing rescue bill (The Housing Assistance Act of 2008) in July, we published an article about some of the tax traps contained in the bill, waiting in hiding for the unwary.

The article reported on information contained in an article in MarketWatch written by Eva Rosenberg, a tax authority and author of "The 100% Home-Based Business Tax Solution." Rosenberg urged special caution vis-�-vis the new $7,500 tax credit for first-time homebuyers.