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I had a client call me today to inquire if she could claim the new $6,500 tax credit since I helped her purchase a home 2 months ago and she met the requirements. Unfortunately, after review, the new $6,500 Tax Credit is not retroactive. She's out of luck.
This is truly wonderful news! The $8,000 first-time homeowner tax credit has been extended. In addition, people who have owned a home for at least five years will be able to apply for tax credits of up to $6,500 when they purchase their next home. The maximum purchase price on a home will be $8...