Now you do not have to be a first time home owner to receive government tax benefits. If you have owned and lived in your home for five consecutive years of the previous eight you qualify for a $6,500 tax credit in the purchase of your next home in the Cedar City Real Estate arena. Eligible properties are used as primary residency. Annual income limited are $125,000 for individuals, $225,00 for join filing. Higher incomes may qualify for partial credits.
