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$8,000 Tax Credit Extended – For Real This Time
The House of Representatives today joined the Senate in approving legislation that would expand and extend into next spring an $8000 tax credit for first-time homebuyers. President Obama should sign off in the next day or so.
The House passed the measure on a 403-12 vote. Yesterday, the Senate approved the homebuyer tax credit extension by a vote of 98-0.
Interestingly the income limits were increased from $75,000 for individuals to $125,000 and from $150,000 to $225,000 for couples. Read more .
