Congress today passed a bill to extend the first-time homebuyer tax credit. The credit remains capped at $8,000 but income limits are higher under the new bill. President Obama is expected to sign the bill. The bill passed unanimously in the Senate and by an overwhelming majority in the House. Under the new legislation, income limits for the credit will be raised from $75,000 to $125,000 for individuals and from $125,000 to $225,000 for couples. The maximum sales price for eligible homes is capped at $800,000. The bill extends the $8,000 first-time home buyers’ tax credit that was set to expire at the end of this month. The credit will apply to all house contracts entered into before April 30, 2010, and closed by June 30. It also creates a new $6,500 credit for existing property owners looking to sell their home and buy another during the same period of time.
Blog Search
Twitter Followers
Search Homes
| Contact us | |
|
|
Bloomkey On Twitter | Facebook
- #realestate Just Listed by Bloomkey.com: 13251 Ormond Drive , Bristow, VA $329,900 http://bit.ly/9iuVrK 06:40:53 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 7272 Scarlet Oak Drive , Roanoke, VA $179,000 http://bit.ly/azVQL7 06:40:23 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 2022 Park Place Drive , Moody, AL $176,900 http://bit.ly/ctYeHx 06:39:49 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 3618 Ancient Oaks Circle , Gulf Shores, AL $235,000 http://bit.ly/bklob6 06:39:19 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 528 King Avenue , Marion, OH $232,000 http://bit.ly/dyECqi 06:38:50 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 2844 Sam Hill Rd. , Glenville, PA $334,900 http://bit.ly/aOuaA0 06:38:12 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 5856 Hall Town Road , Gloucester, VA $179,000 http://bit.ly/9oqjWI 06:37:26 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 808 Houston Avenue n/a, Takoma Park, MD $410,000 http://bit.ly/a1jktP 06:36:51 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 101 Kelsor Drive , Poquoson, VA $249,900 http://bit.ly/9nYznt 06:36:19 PM March 08, 2010 from Facebook
- #realestate Just Listed by Bloomkey.com: 304 Downing Drive , Chesapeake, VA $365,000 http://bit.ly/cMV1ui 06:35:43 PM March 08, 2010 from Facebook











