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Expanded Homebuyer Tax Credit Pending in Senate
| Senate leaders have agreed on an extension of the $8,000 first-time homebuyer tax credit along with a new $6,500 tax credit for move-up buyers, but it is unclear when the chamber will vote on the measure. The credit extension would run from Dec. 31, 2009 through April 30, 2010 and give buyers with a binding contract an extra 60 days to close. The tax credit extension raises the income limits to $125,000 for single-filers and $225,000 for joint filers. This applies to first-time and repeat buyers. To qualify for the $6,500 tax credit, repeat buyers must have used a previous home as a principal residence for five of the previous eight years. The Obama administration said it supports an extension of the first-time homebuyer tax credit. "In extending the tax credit, we urge Congress to include strict measures to combat tax fraud and protect responsible homeowners," Treasury secretary Timothy Geithner said. The tax credit extension is expected to be attached to a bill extending unemployment benefits by 20 weeks. Still, it is unclear when the Senate will pass the extension bill (H.R. 3548), despite broad bi-partisan support. The current $8,000 first-time homebuyer tax credit is set to expire Nov. 30. |
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1 comment:
Obama and Mcain are both puppets of the NWO (new world order). The only difference between them is color. I get a charge out of people thinking things are going to be any better if obama is pres. In fact I see an empty talking head that seems insincere and frankly a one note johny (CHANGE!)
thats all that wind bag ever says .Dont get me wrong Mac aint any better. Its to bad were so blind sighted by all the media hype on theses asholes. There all tri lats and bergers so dont think that any of these corporate controlled butt plugs got yours and mine (Our country's)best interests at heart. All the libs love Bama and all the homophobes love macdaddy trust me turkeys were gonna get fucked either way one just might use a little more lube than the other Oh but dont count on it. Me? Oh Iam voting for the other guy.
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