Tax Credit May Be Expanded AND Extended

Key senators compromised this week to extend the homebuyer tax credit that will broaden the benefit to include existing homeowners who are buying a new home as well as first-time homebuyers. Read the whole story on UPI.com. The existing homeowners will qualify for a credit of up to $6,500 and must have owned their current homes at least five years. The new plan is expected to reach the President’s desk next week.

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