| Tax Credit Raised to $15,000 with out limits!! Proposed Posted: Thursday, September 17, 2009 - 64 comment(s) [ Comment ] - 0 trackback(s) [ Trackback ] Category: BrokerAgentSocial.com
There is legislation in both the Senate and the House that would expand the tax credit. A proposal by Sen. Johnny Isakson, R-Ga., would raise the credit amount to a maximum of $15,000 for any buyer of any home over the next year. It would remove the income caps that currently apply (those limits are now $75,000 for an individual and $150,000 on couples).
"I think we've got a realistic chance of doing this," Isakson says. "Our problem is not with the first-time home buyer, it's the move-up buyer."
Lawrence Yun, chief economist at NAR, says extending or raising the tax credit would spur the housing recovery, which in turn would help bolster the economy.
|
The IAR and the NAR are working hard to get the current tax credit for first time home buyers extended and expanded. Realtors, contact your local representatives and senators, tell them how this has helped your clients. I know it has really helped mine and I would like to see it extended at least a year and expanded to all home purchases.
Georgia A. Weaver, BS Ed., CRS, GRI, AHS
Broker Owner
Weaver LLC Realtors
"A Promise Made is a Promise Kept"
113 Main St., Suite 3
Alta, Iowa 51002
Office 712-200-4663
Direct 712-574-5426
www.WeaverLLCRealtors.com
A Broker of CHANGE
;)
;)
