Breaking News! The Homebuyer Tax Credit Will be Extended!

Posted By on October 29, 2009

Breaking news! The homebuyer tax credit WILL BE EXTENDED!

The question remains, “What will the extention of the tax credit look like?”

It would appear as if there will not only be a first time buyer tax credit but a tax credit available for all new home purchasers who purchase a primary residence.

There are currently 2 versions of the bill, so the House & Senate still need to reconcile the bill for approval by the President.

The non-first time buyer tax credit could end up as a $6,500 tax credit, while it appears as if the first time home buyer tax credit will remain as an $8,000 tax credit.

Most likely the tax credit will be extended through June 30, 2010, with a deadline for writing the contract on April 30th, 2010.

 The President is expected to sign the bill when it passes.

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As the people behind Potterhill Homes, we have some pretty strong feelings about energy efficiency and green building. And we don't always agree! But we are commited to building a best homes we can and bringing you along on our journey to figure out exactly what that means! Thanks for checking out our site. My Google Profile+

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About Potterhill Homes

Cincinnati-based Potterhill Homes is a premier builder of affordable, environmentally friendly homes in Greater Cincinnati. Our homes are built with traditional Cincinnati architectural styles and are perfect for both urban infill and suburban development. To learn more about Potterhill Homes,visit www.potterhillhomes.com.


About the authors

As the people behind Potterhill Homes, we have some pretty strong feelings about energy efficiency and green building. And we don't always agree! But we are commited to building a best homes we can and bringing you along on our journey to figure out exactly what that means! Thanks for checking out our site. My Google Profile+