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Old 11-05-2009, 04:08 PM
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Default Homebuyers Tax credit - Any Accountants there?

I just heard on CNBC and confirmed on the internet the the House & Senate have passed a bill extending the $8000 first time home buyer tax credit until April of 2010,…. PLUS added a $6500 credit for most other home buyers (some income & home price exceptions). Sounds like the $6500 credit is retroactive back to the point of the original bill.

Pres. Is poised to sign it!

Any accountants out there who might be able to clarify the rules and the back date for the $6500 credit?

All of us who were complaining that our 2009 purchases were excluded as non-first time buyers, are extremely interested.