credit: First time home buyers tax credit
- 11/05/09 01:03 PM
The first time home buyers tax credit extension and expansion awaits The President's signature on the bill (expected Friday, 11/6/09). If you are considering purchasing a home, or "moving up" to a larger home this is great news! Here is some helpful information about the changes: OLD = Jan 1, 2009 – November 30, 2009 NEW = December 1, 2009 – April 30, 2010 First-time Buyer – Amount of Credit: OLD: $8000 ($4000 married filing separate) NEW: $8000 ($4000 married filing separate) First-time Buyer – Definition for Eligibility: OLD: May not have had an interest in a principal residence for 3 years prior to purchase NEW: Same Current Homeowner – (2 comments)