Thursday, October 29, 2009

Tax Credit May Be Extended and Expanded

Submitted by Doug Cunningham on October 28, 2009 - 4:56pm

A first-time home buyers tax credit could be extended. Senate leaders on both sides of the aisle expressed a desire to add more time to the $8,000 tax credit which is set to expire on November 30.

There could be an extension to April with an added expansion that would open the credit up for home owners who have been in a home for five years or more.

Senate Majority Leader Harry Reid said once some unrelated issues are settled the buyer credit will most likely make it to the floor for a vote.


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