Signed. Sealed. Delivered.

It’s official.  The first time homebuyer tax credit has been extended – President Obama has now signed the bill into law! 

First time homebuyers are eligible for the $8,000 tax credit if they sign a contract by April 30 and close by June 30.  In addition, this new bill extends the credit beyond first time buyers.  Those who are buying a new home and have lived in their current home at least 5 years are eligible for up to a $6,500 tax credit.

For additional details, review these links at:

http://www.realtoractioncenter.com/realtor-party/documents/2009-NAR-Issue-Brief-Homebuyer-Tax-Credit-Changes-1104-1107.pdf

http://money.cnn.com/2009/11/05/news/economy/Extending_unemployment_benefits/index.htm?postversion=2009110612

Source: Ebby Blog

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