The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring before April 20, 2010. The income limit has also been increased to income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence before April 30, 2010

This entry was posted on Wednesday, December 9th, 2009 at 2:38 pm and is filed under Home Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.