First Time Home Buyer $8,000 Federal Tax Credit Extended & Expanded

The measure extends the $8,000 federal tax credit for first-time home buyers and even expands it with a $6,500 credit for some prospective home buyers who already own homes.

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First Time Home Buyer $8,000 Federal Tax Credit Extended & Expanded

Posted by Homes of Minnesota Team on Thursday, November 5th, 2009 at 2:37pm.

A $24 billion package that seeks both to stir the sluggish economy and help out millions who have found themselves unemployed is being sent to President Barack Obama for his signature.

The measure extends the $8,000 federal tax credit for first-time home buyers and even expands it with a $6,500 credit for some prospective home buyers who already own homes. Set to expire at the end of the month, the credits will apply to house contracts entered into before April 30, 2010, and closed by June 30.

Additionally, the nearly 2 million people who have lost or are in danger of exhausting unemployment benefits before the end of the year will receive up to 20 weeks in additional benefits.

President Obama is expected to sign the measure quickly.


2 Responses to "First Time Home Buyer $8,000 Federal Tax Credit Extended & Expanded"

City of Saint Paul First Time Home Buyer Programs wrote:
[...]and home ownership practices through their first years as homeowners.Don't forget about the recently extended First Time Home Buyer $8,000 federal tax credit. Enter into a house contract before April 30, 2010 and close by June 30 to[...]

Posted on Friday, November 6th, 2009 at 2:25 PM.

What $169,900 Buys in Apple Valley MN wrote:
[...]with Jacuzzi tub. It can be yours for just $169,900!Don't forget that the first time home buyer $8,000 federal tax credit has been extended and expanded! It applies to first time home buyers who meet financial requirements and now there is also a[...]

Posted on Monday, November 9th, 2009 at 12:21 PM.



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