Obama Signs Homebuyer Tax Credit Extension

| November 11, 2009 | 0 Comments

2009—President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.

The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.

What the tax credit means to First Time Buyers and Homeowners that are thinking of relocating.

First Time Buyers – You can get an $8,000 tax credit on your taxes if you qualify – and if the amount of taxes you owe is less than the credit, you will get a check for the difference from the government.

Home owners thinking of relocation or upgrading – If you meet the tax guidelines you can receive a $6,500 tax credit or again, if the amount of taxes you owe is less than the credit, you will get a check for the difference from the government.

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Category: News

About the Author ()

Nikki along with her husband Gary, became licensed in 1986 and over the years built a mega sales team that has served over 3700 families with a volume of 560 million dollars in sales. They both hold the CRS designation. Nikki is also the broker/owner of 3 Keller Williams Realty offices, 2 Title companies and the operating partner for the South Florida region for Keller Williams Realty. Nikki has spoken and trained for FAR, CRS, Howard Brinton Star Power, Numerous real estate boards, Aetna insurance, The Rotary, Tampa Bay Builders association, and the YMCA to mention a few. She is a master trainer for Keller Williams University and has helped to write many courses for real estate professionals. Being a firm believer in education she is continually sharpening her skills through education and walks the walk by sharing her knowledge and experience.

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