Home Buyers Credit Extended to April 30, 2010

Home Buyers Credit Extended to April 30, 2010

We are very pleased that President Obama signed the extended home buyer’s tax credit. The credit that he signed into law both extends the $8,000 first-time buyer tax credit and adds a new tax credit for repeat buyers of $6,500.  Plus, the credit now applies to buyers with income of up to $125,000 for single filers and $225,000 for joint filers, for homes up to $800,000.  

This credit is in effect now and buyers must be in contract by April 30 and closed by June 30, 2010.  During the discussion around this bill, Congress said that it will not extend this benefit again, so this may be the last opportunity that potential buyers will have to take advantage of this tax credit.

Take advantage of this great benefit to buy a home now.  To learn more: 

http://www.ziprealty.com/taxcredit2010

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