$8,000 first-time home buyer tax credit has been extended to April 30, 2010

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As of today the $8,000 first-time home buyer tax credit has been extended to April 30, 2010.
  • Purchase contract must be entered into buy April 30, 2010 and closed by June 30.
  • The tax credit has been expanded to include a $6,500 credit for owners of existing homes who are purchasing a new principal residence.
  • $6,500 tax credit will be available for home owners whohave been residing in their principal residence for five consecutive years out of the last eight.
  • Income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples.
  • November 05 2009 - Salt Lake City
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Answers (1)

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.....almost.  Not official until it's signed off by the Prez, but it's pretty likely he will sign it.  Ought to be interesting to see what the move-up buyer tax credit does.  They're really pushing housing.
  • November 05 2009
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