New Rules of the Credit

It’s official! As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Read the Full Article: Source: NAR Issue Brief – Homebuyer Tax Credit

Today's FAQs about the First-Time Home Buyers Credit