Tax Credits Approved! Repeat Buyers and First-time Home Buyers Can Qualify

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.

The deadline for an accepted purchase offer is 4/30/10, and accepted offers at that time have an additional 60 days to close (closing deadline 6/30/10).  Updates are available at:

http://www.federalhousingtaxcredit.com/

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