Thursday, November 12, 2009

First Time Home Buyer Tax Credit Extended reports that the First Time Home Buyer Tax Credit has been Extended for contracts signed through April 30th, 2010 that will close by the end of June. The income limits have been expanded as well to include Single buyers making up to $125,000 and Married Couples making up to $225,000. Additionally, those who are looking to trade up may also qualify, provided they have owned and occupied a home for at least 5 years out of the last 8 years.

Detailed information -
$8,000 homebuyers tax credit extended - CNN
First-Time Homebuyer Credit
Frequently Asked Questions - IRS.