Home Buyer Tax Credit Has Been Extended Thru April 30th 2010!
In addition to he extension of the $8,000 first time home buyer credit there is a NEW $6,500 Tax Credit available for current homeowners that wish to buy thru April 30th 2010. They would all have until the end of June of 2010 to close on their new homes.
Keep in mind that this can reduce the federal income taxes that you pay. How you might ask? By deducting the interest of your mortgage and property taxes that you pay every year that you file your income tax returns.
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A reblog would be great on this one. Maybe you can update this post as soon as the unemployment part is voted on and we know if the whole thing passes for certain. I've got a queue waiting for this to happen. You're fast!
For all who are interested in obtaining factual updates and information about the tax credit, keep an eye on money.cnn.com, then scroll down to the bottom and look under "Real Estate." This bill could be tied to the bill to extend unemployment benefits, or it could be dealt with separately. It's still a little too early to "assume."
But keep an eye on the CNN Money website Vincent, as it offers the most concise information about this bill.
Frank Biganski, Realtor Hnewport News/Williamsburg, VA
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almost there, I hope the vote goes our way.