On Nov. 6 President Obama signed legislation that extends the first time home buyer (FTHB) tax credit of 2009 and expands the tax credit to include $6,500 for current homeowners who qualify. Commonly known as the $8,000 tax credit, the following info from the "Worker, Homeownership and Business Assistance Act of 2009" covers the key points of the legislation that was passed:
Who Gets What? First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the (4 comments)