Breaking News: Senate OKs Substantial Tax Credit for Homebuyers

bobbredel Uncategorized Leave a Comment

In an effort to help stabilize the national housing downturn, the Senate has passed the long anticipated tax credit for homebuyers.  While some of the details are still forthcoming, buyers who purchase a home in 2009 may take up to a 10% tax credit (not deduction) for the value of the home (to a maximum of $15,000).  This bill will still need full congressional backing prior to being implemented. A copy of the full article from MSNBC can be seen by clicking here.

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