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Browsing Posts in $8,000 first time homebuyer tax credit – Updates

It’s official. In landslide votes, the extension/expansion of the first time home buyer tax credit passed both houses of Congress and is now on its way to the President’s desk for signing tomorrow. The credit now goes through May 1st, which means you can sign a contract through May 1st as long as you close [...]

Thursday, the House of Representatives voted unanimously to pass the Service Members Home Ownership Tax Act of 2009 extending the current $8,000 first-time home buyer tax credit to November 30, 2010 for members of the military, Foreign Service, and intelligence corp who served at least three months of qualified overseas duty in 2009. At least [...]