First Time Homebuyer Tax Credit
The current First Time Homebuyers Tax Credit will expire Dec. 1st. Plans are in the works to extend the tax credit and/or modify the current bill.
Currently first time homeowners are the only group of buyers who can qualify. Their income must be equal or below $75,000 (single) or $150,000 (couple). The new proposal would include some move up buyers, as well as increase the yearly income.
For more information on the first-time home buyer extension, check out Homebuyers Tax Credit Measure Backed by Administration.
