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Tax Credit May Be Approved Soon

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Real Estate Agent with Platinum Realty SP00229578 2007027091

Tax Credit May Be Approved Soon

The $8,000 First Time Home Buyer Tax Credit ends November 30, 2009 - just 26 days from now. The House and the Senate are near agreement on extending the credit.

The Senate is voting today and the House will, hopefully, vote on or before Friday of this week.

The new measure will extend the credit to include homes under contract by April 30, 2010. There is a possibility that the new bill will include people beyond First Time Buyers. There is also verbiage in the bill to increase the income limits.

 

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