Archive for October 2009
Its ALMOST Official Homebuying Tax Credit Extended, But with a few changes!!!!!
Posted by: djonessellshomes on: October 29, 2009
The credit would be cut slightly to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples. This is the biggest change: The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years. At this time, it is believed that the credit will allow anyone purchasing (even if the property is not closed) a home by April 30, 2010 to participate and receive the full credit available.
