Stimulus Update!
Posted by on Saturday, February 14th, 2009 at 1:29pm.Sorry I’m sad to say the $15,000 tax credit didn’t make it on the final bill.
However there is still good news! Congress modified the current homebuyer tax credit by increasing it a little and ELIMINATING the repayment requirement.
The new credit is $8,000 and is avaliable to buyers that have not owned a home in the last three years who purchase between Dec. 31, 2008 and November 30, 2009.
It is also retroactive to Dec. 31, 2008. So those lucky new home owners that have closed in the last month or so can take advantage of this higher credit.
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