Home Buyer Tax Credit Extended

Congress passed the first time $8,000 home buyers tax credit past its original November 2009 deadline.  The law is now set to expire by having to sign a purchase agreement by April 30, 2010 and closing the deal by June 30, 2010.  The new law will also extend a $6,500 tax credit to homebuyers who have lived in their home for at least the past five years.  The tax credit is only good for a primary residence so vacation and investment property deos not qualify.  To see a full article on this issue click this link: http://news.yahoo.com/s/ap/us_homebuyers_tax_credit.

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