home buying

Breaking News: President signs homebuyers tax credit bill

Posted on November 12, 2009  |   Posted in blog, Credit Education, Credit Guy Blog, Industry News   |   Comments 0 Comments

President Obama today signed into law the bill extending the homebuyers tax credit through May 1st, 2010– a 6 month extension of the tax credit.

The law provides an $8,000 tax credit for first-time homebuyers, and $6,500 for homebuyers who have owned their current home for at least 5 years. Contracts must be in place by May 1st, 2010 to qualify.

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