New, New Homebuyer Credit on the Horizon

Posted November 3rd, 2009 by Michele Knight, CPA and filed in Individual Taxes

This just in…Congress is talking about expanding the homebuyers credit beyond first time purchases, and giving a $6,500 credit to buyers who’ve owned a home for five of the last eight years.  While this hasn’t passed yet, it’s food for thought if you are in the market to purchase a house and you can hold off until November 30th when the new law is set to be enacted!