Extended Home Buyer Tax Credit
Bringing the Dream of Homeownership Within Reach
President Barack Obama signed into law an extension and expansion of the $8,000 first-time homebuyer tax credit. Among other provisions, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000.
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.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
www.realtor.org/first_time_home_buyer_tax_credit
www.floridarealtors.org/AboutFar/homebuyercenter
Homebuyer Tax Credit Video
Check out this animated video on the extended and expanded tax credit, and share it with your buyers. It’s animated, fun and informative. You can link to it or embed it on your website.