Nov. 3, 2009 - Possible Good Tax Credit News

Home owners tax credit could be expanded

Yesterday, Businessweek reported that the Senate is expected this week to pass an extension of the credit that was originally going to expire Nov. 30. Buyers who sign a purchase agreement by April can now claim the credit.

The extension will apply to higher income buyers. Previously the credit was available to individual filers making $75,000 a year or less. For couples the limit was $150,000. The new income limit will be $125,000 for individuals and $225,000 for couples.   There’s also something in for move-up buyers.  For the complete story go to: http://tinyurl.com/yjdv78l 

Source: Businessweek