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Tax credit may be extended!

Hey ladies! I dont know if this excites you...but it surely does excite me! They are trying to pass a bill so that the tax credit can be extended until April 30, 2010 and you would have to close on your house by June 30th to get the 8000! If you are a current homeowner and would like to move into a bigger house (or another house) they are offering 6500 but you must have lived in your residence for the past 5 years. I'm excited! FI and I have been putting off getting a house until about March or April of next year just so that we can make sure all our finances are in order and that we have a good enough down payment. Now that the tax credit MAY (and probably) will be extended...it's an added bonus!You can read about it: http://money.cnn.com/2009/10/28/real_estate/homebuyer_credit/index.htm

Re: Tax credit may be extended!

  • Blonde407Blonde407 member
    500 Comments
    edited December 2011
    Wanna know what really blows... we got the $7000 tax credit when we bought our house last September and WE HAVE TO PAY IT BACK !!!!!!!!!!!!!  3 months after we bought our house they made it so you don't have to pay it back.
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  • cjbwifey2010cjbwifey2010 member
    Fifth Anniversary 500 Comments
    edited December 2011
    Oh Jessica.... :(That REALLY blows! That absolutely sucks!
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