• The tax credits apply to contracts signed by April 30, 2010, that close by June 30, 2010
• Properties worth more than $800,000 are not eligible
• The property must be used as your primary residence
• Income limits for eligibility : $125,000 per year for individuals and up to $225,000 per year for couples
• Credits up to $8,000 continue for first-time buyers
• A $6,500 tax credit for buyers who've owned their current home at least 5 of the last 8 years
• The tax credit does not have to be repaid

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