As reported in a recent article by the National Association of Home Builders, the extension of Obama’s tax credit program provides another outstanding opportunity for home buyers.
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorizes a tax credit of up to $6,500 for qualified repeat home buyers.
The article addresses consumer’s main concerns, including guidelines for the $8,000 credit for first-time home buyers; the $6500 tax credit for repeat home buyers; key points for prospective home buyers; and the special rules that apply to the U.S. military, foreign service and intelligence communities.
To inform yourself better about the specifics of the program, just click here to read the entire article.
Submitted by: Judy Hoeping
Source: National Association of Home Builders