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Mirian Carlech

Breaking News on the Home buyer Tax Credit...

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 Breaking News on The Home buyer Tax Credit...Thursday AM

                       Under the compromise reached Wednesday, the existing $8,000 credit would be extended for first-time home buyers who sign a contract for a home by the end of April 2010  and close by the end of June.

It also creates a $6,500 credit for people who buy a home but have owned a home for at least five consecutive years out of the past eight years.

The income limit would be raised to $125,000 a year for individuals and $225,000 for married couples, up from the current income limits of $75,000 and $150,000, respectively.

Best Regards,

Mirian Carlech

Published Friday, October 30, 2009 10:35 AM by Mirian Carlech

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