First-Time Home Buyer Tax Credit Works for 20 Year Olds Too.

The Shelby Star reports that one of the newest people to take advantage of  the American Recovery and Re-investment Act’s first-time homebuyer tax credit is just 20 years old. Dustin Couch was able to purchase a 1255 sq ft home in Shelby, NC of  for $72,000 (incedentaly 7,000 below the asking price).  He’s single guy and plans to use half of his $7,200 tax break check (the tax break maxes out at $8,500) to make some improvements to his new bachelor pad.  The other half he says will go to savings.