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Do you dream of owning your own home? With interest rates near rock bottom (if you can qualify), housing prices down hugely from three years ago, and the government dangling a hefty tax credit in your face, how can you resist? Our friends at Fixr.com have prepared this nifty flow chart to help you determine if that government tax credit applies to your dream. If you prefer text, our Kelly Phillip Erb wrote an excellent post on the topic recently.

If you can afford a house, good for you; your time is nigh. The tax credit expires at the end of April. While you dream, however, keep in mind one of WalletPop's tenets; a good deal on a product that you can't afford is not really a good deal, no matter how shiny and seductive. But isn't it fun to dream?

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Home buying tax credits
Source: Fixr

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Elisa Jed

What about home improvements? I know that some taxes can either help you or nail you on such things as fireplace installments? Would you suggest going to the website itself like http://www.chicagofireplaceinc.com/Services/ or asking a local tax accountant?

January 08 2014 at 7:55 PM Report abuse rate up rate down Reply