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First-time homebuyer tax credit to be extended and expanded

by Dean Ouellette on November 5, 2009
Written by: Dean Ouellette

Video 37: The $8000 first-time homebuyer tax credit is set to be extended and expanded. The House and Senate have both now approved a bill that expected to be signed by the President shortly that will extend the $8,000 first-time homebuyer tax credit to homes under contract by April 30, 2010 and closed by June 30, 2010. Income levels for individuals qualifying have also been raised to $125,000 for individuals and $225,000 for couples. Also added is a move-up credit of $6500 for those wanting to move up in houses, have lived in their present house for at least five years and meet the same income requirements. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Top real estate posts of the day for 11/6/2009 : Hassle Free Phoenix Area Home Search
November 6, 2009 at 12:31 pm

{ 3 comments… read them below or add one }

Jay Thompson November 5, 2009 at 3:37 pm

Nicely done! And speedy! (ya beat me by about 30 seconds you bastard)
.-= Jay Thompson´s last blog ..Home Buyer Tax Credit Passes Both House and Senate =-.

Dean Ouellette November 5, 2009 at 5:13 pm

Thanks Jay… couldn’t have done it without you… You tweeted they were voting and I was able to get it qued up.. And great detail in yours.. written text has its advantages… im just to lazy to write

Tyler Hurst November 6, 2009 at 2:38 am

You are one sexy looking man. This is almost indecent.
.-= Tyler Hurst´s last blog ..140 Characters is the best Twitter book yet =-.

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