$6,500 Tax Credit for Current Homeowners and $8,000 for First Time Homebuyers..All You Need To Know

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clipped from www.realtor.org The Basics: Extended Home Buyer Tax Credit 2009/2010 As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between the date the bill is signed by President Obama and April 30, 2010. NAR Tax Credit Resources Home Buyer Tax Credit FAQ (PDF: 596K) Tax Credit as Down Payment on FHA Mortgage Flyer (PDF: 220K) Video News Brief: NAR Urges Tax Credit Extension REALTOR® Magazine Webinar, Q&A, and Quiz Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.