Tax Credit For First-Time Home Buyers Congress just passed the Housing Act, authorizing a tax credit of up to $7,500 for certain first-time home buyers. Our personal finance contributor says consumers need to be careful when signing up.

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Tax Credit For First-Time Home Buyers

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Tax Credit For First-Time Home Buyers

Tax Credit For First-Time Home Buyers

August 19, 20081:00 PM ET

Heard on Day to Day

Michelle Singletary

Tax Credit For First-Time Home Buyers

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Congress just passed the Housing Act, authorizing a tax credit of up to $7,500 for certain first-time home buyers. Our personal finance contributor tells Alex Chadwick that consumers need to be careful when signing up for the tax credit.

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