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15,000 Proposed Homebuyer Tax Rebate Has Been Eliminated

There is an update on the stimulus plan. A new agreement has been reached on the the newest stimulus plan which is coming in at $789 Billion right. Unfortunately, the newest deal also has effectively cut out the proposed $15,000 Home Buyer Tax Credit.

One of the keys to jump starting housing again, as of now has been eliminated from the Stimulus Plan. The main reason cited for it's removal was to try to lower the cost of the plan.

The good news is there is a possibility that the $7500 tax credit will not have to be paid back. We'll keep watching.

Posted by Kristal Perrone - Associate Broker on 02/11/2009 11:05 PM

Comments (4)

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4 Comments on 15,000 Proposed Homebuyer Tax Rebate Has Been Eliminated

FEB

I read that the $7500 has been increased to $8000 and does not have to be paid back. What i have not seen is what the date range is for qualifing.

Chris

FEB

That is true, the amount was changed to $8,000. I heard it is going to be in effect from January 1, 2009- December 1,2009 but nothing has been finalized yet, so that may change.

JUL

I will be building a new house in 2010 (I hope), do you know if any kind of rebate or stimulus will be offered in 2010? I'm keeping my fingers crossed that there will be.

Thank you,

Rhonda

AUG

Good morning. We have really everything in common with America nowadays except, of course, language. I am from Republic and also am speaking English, give true I wrote the following sentence: "Immediate cash advance loans for immediate requirements by andrew dawson at ezine articles." Thanks for the help :), Madra.

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