Extension of First Time Home Buyer Tax Credit
November 6th, 2009 by admin
There is a proposal in the work right now for the $8,000 tax credit for first-time home buyers to be extended. If this bill passes, the First Time Home Buyer Tax Credit that is supposed to expire soon will be extended. In the new proposal, First-time home buyers will be eligible for up to $8,000 on the tax credit, which is the same as the current credit. The Senate version of this bill creates a new credit for existing homeowners of up to $6,500. This credit is for homeowners who have lived in their homes for five years.
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