Tagged : Dallas Fort Worth Real Estate Military get an extra year for the First Time Home Buyers Credit. 
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Military personnel get a extra year for the First Time Buyer Credit
Friday, November 6th, 2009 at 5:24pm. 338 Views, 0 Comments.
House on tax refund The much-anticipated extension to the home buyer
tax credit has finally been approved. The Senate's vote yesterday
resulted in a 98-0 win and today it was passed in the house. The bill
now moves to the President's desk for a final signature.
First-time home buyers have been eligible for tax credits of up to
$8,000 since last January as part of this year's economic stimulus
package. The newly backed program will expand the credit to include
existing home owners.
Under the revised program, those who have owned a home for at least
five years will be able to apply for tax credits of up to $6,500 when
they purchase their next home. To qualify, buyers will have to sign a
purchase agreement by April 30, 2010 and close by June 30.
The maximum purchase…
tax credit has finally been approved. The Senate's vote yesterday
resulted in a 98-0 win and today it was passed in the house. The bill
now moves to the President's desk for a final signature.
First-time home buyers have been eligible for tax credits of up to
$8,000 since last January as part of this year's economic stimulus
package. The newly backed program will expand the credit to include
existing home owners.
Under the revised program, those who have owned a home for at least
five years will be able to apply for tax credits of up to $6,500 when
they purchase their next home. To qualify, buyers will have to sign a
purchase agreement by April 30, 2010 and close by June 30.
The maximum purchase…