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Home Buyer Tax Credit legislation has been passed

November 5, 2009

  the Senate passed 98-0 the Unemployed Insurance bill which included the homebuyer tax credit. the House passed it by a vote of 412-12. It extends the first time homebuyer $8K credit through 4/30, '10, & a $6500 credit through 4/30, '10 for homebuyers selling properties in which they’ve lived for the last 5 consecutiv...e years (closings must occur by 6/30, '10), and income limits of $125K single or $225K married.

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