home buying: Extension and Expansion of the First Time Home Buyers Tax Credit - 11/07/09 02:50 AM
November 2009
After a two week delay, President Obama signed a bill which will extend the $8000 tax credit for qualifying first-time home buyers through June 2010.   First time home buyers will receive the $8,000 Federal tax credit if they:
1.  Sign a contract by April 30, 20102.  Close on the home by June 30, 2010.  
The new bill will also provide a $6,500 credit  for repeat buyers who purchase a new primary residence, and have lived in their current home for at least five of the previous 8 years.
The bill has a few provisions including:
1. Single tax filers who earn up to $125,000 are eligible … (2 comments)

 

Kristal Perrone

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Rochester, NY

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Hunt Real Estate- Columbus Division

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