$8000 Tax Credit Extended
Posted by Greg on October 27, 2009
Senate leaders are negotiating to EXTEND and gradually reduce an $8,000 TAX CREDIT for first-time homebuyers through 2010!
Lawmakers are under pressure from real estate agents, mortgage brokers and homebuilders to extend the $8,000 credit before it expires Nov. 30.
First-time homebuyers who close before April 1 would get the full $8,000, and the credit’s value would be reduced by $2,000 in each successive quarter until expiring at the end of the year.
The program is aimed at easing the worst housing slump since the Great Depression.
