The 1st time homebuyer credit of $8,000 which has been set to expire in November has been extended to 2010. The tax credits would be available to home buyers who sign sales agreements by the 4/2010. Taxpayers would have until 6/2010 to close on their new homes.
In addition, the credit is now offered to taxpayers who already own a home for at least 5 years. Qualified taxpayers may qualify up to $6,500 for this credit.
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