Obama Signs First-Time Homebuyer Tax Credit Extension

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First Time Buyer Tax Credit Extended pending Obama's Signature. Worker, Homeownership, and Business Assistance Act of 2009 New tax provisions for home buyers in the Act [ edit ] Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7]

 · President Obama today signed a $24 billion economic stimulus bill one of whose main features is an extension and expansion of a "temporary" first-time homebuyer tax credit worth up to $8,000 per household. The House and Senate each passed the measure earlier this week by the respective margins of 403-12 and 98-0.

(President Obama has signed off on the bill approving of the extension of the $8,000 New Home Buyer Tax Credit until April 30, 2010) First-time home buyers aren’t instantly eligible for the tax break. There are a set of requirements you must meet in order to get the $8,000 tax credit on your first time homebuyer mortgage.

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Signs of a possible recovery have helped. tax credit (wsj): Three major trade groups are urging the Obama administration to back an extension of the $8,000 first-time home-buyer tax credit set to.

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 · For example, we have this headline from HousingWire: "Obama Signs Homebuyer Tax Credit Extension." Based on that headline, you’d think that the $8,000 first-time homebuyer tax credit.

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 · obama signs home buyer tax credit Extension.. The government will subsidize closing costs up to $8,000 fort first time home buyers in the form of a tax credit and up to $6,500 for those who have owned a home 5 of the last 8 years. Don’t wait and do spread the word. Call a Realtor associate today for FULL details.

Last Friday, President Obama signed a bill to extend the $8,000 first-time home buyer tax credit to April 30, 2010. In addition to the extension for first-timers, it also added a provision to provide a tax credit of $6,500 to home owners who have lived in their current residence for at least 5 years who are looking to buy a replacement home.

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