This is exciting news!!! The US Senate voted to approve the first time homebuyer tax credit extension.
The bill was passed by the Senate in a 98-0 vote. The bill will now move to the House of Representatives floor and if approved will go to the president to be signed into law.
The bill provides for deadlines extension and conditions as follows:
Property needs to be under contract by 4/30/2010 and close by 6/30/2010
Income limits are $125,000/yr per single person and $225,000/yr per couple
There will also be a $6,500 tax credit to people who had owned their current home for 5 or more years who purchase new property.
To read more, please follow the link below:
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/04/AR2009110404564.html?hpid=topnews
Please stay put for an update…
No comments:
Post a Comment