Extending the Home Buyer Tax Credit

Posted in Buyers, Taxes on Oct 19, 2009

The $8,000 tax credit for first-time home buyers expires on November 30, unless Congress acts on a number of proposals on the table to extend it. Over 1.8 million buyers will have taken advantage of the credit by the time it expires. Lawmakers are considering extending that deadline, making the credit available to all home buyers, not just first timers, and increasing the amount to $15,000. More on the proposals at CNN/Money.

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