Uncle Sam Pondering Tax Credit Extension, with Changes

NAR reports that early next week the U.S. Senate will be voting on two amendments that would extend the first-time homebuyer tax credit. NAR is only supporting the Dodd-Lieberman-Isakson amendment because it will: provide the $8,000 tax credit to any buyer (not just first time); set income limits at $150,000/$300,000 for single/married buyers; make the credit available until June 30, 2010.

Great news for everyone!

Reported by MAINE ASSOCIATION OF REALTORS

Advertisements