Federal Housing Tax Credit for First-Time Home Buyers: Home
Clay | February 10, 2009Congress is actively considering an expanded home buyer tax credit, and the Senate has approved the following improvements:
The tax credit amount increases to $15,000.
The tax credit is extended to anyone buying a principal residence.
The tax credit will apply to all purchases occuring within a year after the bill is signed into law.
It is a true tax credit; it does not have to be repaid.
via Federal Housing Tax Credit for First-Time Home Buyers: Home.
