Home Buyer Tax Credit Update

February 16, 2009

The “American Recovery and Reinvestment Act of 2009″ has been passed by the Congress, and is to be signed into law this Tuesday (2/17/09).    Here’s a comparison of the old $7,500 first-time homebuyer tax credit with the new $8,000 revised credit, courtesy of the NAR:

taxcredit

Check the NAR web page for a review of several other housing related assistance in the new stimulus package.

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