kimberlee: Home Buyer Tax Credit
- 02/18/09 11:16 PM
Proposed Home Buyers Tax Credit As part of the President's economic stimulus plan, there is a proposed change in the $8,000 tax credit that was passed by Congress last summer as a part of the Housing Recovery Act, giving first time home buyers a $8,000 credit that would require that the tax credit be repaid over 15 years. Basically a no-interest loan. Unfortunately, it did not seem to have much impact on the housing market. However, the new stimulus bill which was approved by the Senate this week would allow a tax credit of 10% of the value of … (4 comments)
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