It’s Looking Good for the Tax Credit

With the Senate ready to pass their version of the Home Buyer Tax Credit and the House ready to accept it and send the bill along to the President – it’s looking more and more like this will really happen.  The best part is this won’t be limited to first time homeowners only.  Not only will they extend the credit to April 30, 2010, they will include a $6,500 credit for anyone who has owned their home at least 5 years.  In addition, the income limits will be raised to $125,000/year for individuals and $225,000/year for couples (current limits are $75,000 and $150,000) – even more people will be able to take advantage of a great market with low rates, lower home prices!

The New York Times