Posts Tagged ‘Tax Credit’

Senators agree to extend $8000 home-buyer tax credit

Thursday, October 29th, 2009

Gary Carlson

The Senate agreed to extend the home-buyers tax credit while also offering a $6,500 tax credit to homeowner’s who have been in their homes at least five years.  The tax credits will be available to buyers who sign contracts by the end of April and close by the end of June.  This is good news for first time home buyer’s as the deadline has been extended to gain the $8000 tax credit by an additonal 5 months.  Also, indivduals who have been in their home for more than five years will be granted a $6,500 tax credit if they choose to buy a new home in the time frame set out by the US