first time home buyers tax credit: Will tax credit for ‘move-up' homebuyers spur you to act? - 11/05/09 06:09 AM
7:00 am November 5, 2009, by Craig Bland
Late Wednesday, the Senate voted 98-0 to extend the first-time homebuyer tax credit of $8,000 to April 30.
The Senate also took action to spur sales to "move-up" buyers, AJC reporter Bob Keefe writes.
Legislation, which still must be passed by the House, would provide a $6,500 tax credit for homebuyers, as long as they had been in their previous home for at least five years.
The tax credits would be limited to homebuyers who make $125,000 or less as an individual or $225,000 or less as a couple. The cost of the home … (8 comments)
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first time home buyers tax credit: First time homebuyer tax credit - 10/30/09 06:15 AM
Those of you that have been waiting for an update on the first time homebuyer tax credit, and a possible extension, may be happy to hear that this is all but certain now.
http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g
The senate will vote next week on the bill but it appears certain it will go through.
Great news for first time homebuyers is that the income limits have been increased from $75,000 to $125,000 for individuals and up to $225,000 for couples. This will bring more buyers into the market that will be able to buy larger homes and boy have we needed that!
The other … (1 comments)
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