Homebuyer Tax Credit Extended

Did you know the Homebuyer Tax credit has been extended? Qualifying first time home buyers have until April 30, 2010 to purchase a home and receive the $8,000 tax credit on their 2010 taxes.

In addition, the extension provides a tax credit of $6,500 for families who have already owned a home. In order to qualify, you must have lived in your current home for at least five years.

Finally, for military members who have been assigned overseas, these tax credits have been extended until May of 2011.

So, whether you are a first time home buyer or already a home owner now may be the right time for you to buy. Talk to a realtor and lender to learn more!

Published Dec 21, 2009.