New Bill Offers a Tax Credit for Current HomeownersYes, you read that correctly, the new bill offers a tax credit for current homeowners looking to replace their primary residence. There are some special requirements to take advantage of the Existing Homeowner Tax Credit.1. You must have owned and occupied your existing home for 5 out of the last 8 years.2. The tax credit for existing homeowners is $6,500 instead of $8,000.3. The new home must be less than a $800,000 purchase price.[Deleted for self promotion]Great news for prospective home buyers First Time Home Buyers and Existing Home Owners looking to purchase a new home!November 09 2009 - Travis00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.