Home Buyer Tax Credit Passed by Congress
If you haven’t heard by now the Congress has extended and expanded the homebuyer tax credit.  Both the House and the Senate passed an Unemployment Insurance Extension bill that includes an amendment that extends and expands the homebuyer tax credit.  The bill is expected to be signed into law by President Obama today. Is anything different about this homebuyer tax credit? The $8,000 credit for first time homebuyers remains intact but has been expanded to include current homeowners.  If you have sold or currently own a primary residence for 5 of the last 8 years, you are eligible for a $6500 tax credit, $3,250 if married and filing separately.  There have also