Wednesday, November 11, 2009
IT PASSED!!!!
It is official... President Obama signed the extension and expansion of the home buyers tax credit to include the following: 1st time buyers tax credit has been extended to July 1, 2010 close date with a contract date of on or before April 30, 2010 with a maximum credit up to $8,000. It also has been expanded to include all home purchasers with the same time line with a credit up to $6,500. Income limits have increased to $125,000 single person and $225,000 married couple. (if you fall into the 125-145k single and 225-245K married you will still be eligible, but will receive less than the full amount).
