First Time Homebuyer Tax Credit Passes the Senate 85-2!!!!!

Well...it's almost here. According to Bloomberg, it appears likely that Obama will have the bill on his desk next week to extend the first time home buyer tax credit. Needless to say, this bill, in it's current form extends the tax credit to:

Non-First Time Homebuyers can get a $6,500 tax credit as well!!!!

Check out the article from Bloomberg since it was released last evening. Homebuyer Tax Credit, Unemployment Bill Advances in Senate.

Lawmakers voted 85-2 to move closer to a final vote on the bill, which would extend until April 30 the $8,000 homebuyer credit that otherwise would expire at the end of this month. Homebuyers who have lived in their prior residence for at least five years could receive a credit of $6,500. Couples earning as much as $225,000 a year and individuals earning up to $125,000 would qualify. That's up from the current $75,000 limit for individuals and $150,000 for couples.

It'll be interesting to see how the final version of this bill looks when it's finally signed into law.