Thursday, November 19, 2009

Home Buyer Tax Credit Extension

First-time homebuyer tax credit was extended until April 30, 2010. The extension is part of a $24B economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from a current November 30 deadline and expands the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.

There are too many details that apply to the homebuyer tax credit expansion to list.

Please inquire within Contractors Capital at 763-784-3400 or consult with your tax advisor…
Please visit our website at www.contractorscapital.com

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