repeat buyer tax credit: Existing homeowners can claim a tax credit too, but you'll need to act fast!
- 01/24/10 03:48 PM
This past November, Congress expanded the first-time home buyer tax credit to repeat buyers. As a result, current homeowners who will have lived in their home for 5 consecutive years out of the last 8 may now be eligible to receive a $6,500 tax credit.
Today’s affordable housing prices, historically low interest rates and federal home buyer tax credit have combined to create one of the most attractive first-time buyer markets in recent memory.
What you might not realize is that a recent expansion of the tax credit has created an equally desirable opportunity for existing homeowners!
To qualify for … (3 comments)
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This past November, Congress expanded the first-time home buyer tax credit to repeat buyers. As a result, current homeowners who will have lived in their home for 5 consecutive years out of the last 8 may now be eligible to receive a $6,500 tax credit.
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