Home Buyers $8,000.00 Tax Credit May Be EXTENDED!!

Just read that lawmakers are trying to extend the $8,000.00 homebuyer tax credit!


Apparently, the U. S. Senate is considering a plan to extend & expand a stimulus-package
provision, giving first-time homebuyers an $8,000 federal tax credit!!
The stimulus-package credit allows first-time homebuyers to reduce their
federal income taxes by 10 percent of the price of a home, up to a maximum of
$8,000.00. This is exciting to read about because currently, it's set to expire 12/1/2009.

The proposal would extend the credit to June 30, 2010. Also, it would remove
the "first-time homebuyer" requirement, and raise the eligibility income limit to
$150,000, or $300,000 for a couple!! Fantastic!!

The U.S. House of Representatives is also looking into extending and expanding
the popular tax credit, which according to IRS data has drawn more than 1.4
million applications from first-time homebuyers for houses in 2008 and 2009.

Here's where I read about this...
http://mailgate.ventura.courts.ca.gov

Have a super Saturday!!!