Real estate blog entries tagged with washington dc by Janice Adekoya (Solid Source Realty Ga)

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Home : Blogs : Janice Adekoya : Janice Adekoya's Blog : Tag "washington dc"

washington dc: More money for the Tax Credit for homebuyers! $8000 NOW! - 02/12/09 09:21 PM

Well according to The Wallstreet Journal the latest version of the stimulus bill says that: The $15,000 homebuyer tax credit didn't survive the final negotiations on the stimulus bill. Instead, Congress slightly increased to $8,000 an existing $7,500 credit for first-time homebuyers and eliminated repayment provisions.Congressional negotiators said that $8,000 number isn't yet finalized.
The new credit is retroactive to Dec. 31, 2008, which means that anyone who buys a house this year, through August, won't have to repay it. First time buyers who used the credit in 2008 still have to pay it back over a 15-year period.
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Janice Adekoya

Jonesboro, GA

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