Well after a few days of bickering, it looks like that $15,000 home buyer credit is TOAST!
From what I've read the have modified the old first time home buyer $7,500 tax loan to a tax credit. So it does not have to be repaid. That looks like main change.
3 comments:
Is this credit both for new AND existing homes?
I have not seen any firm details on what is still left in the bill. So far the only thing I've read in print says they removed the repayment requirement from the $7500 first time buyers credit. That credit applied to both new and resales. But it was only for first time buyers and there were income limits $75k single, $125k married)
Yep, I was all excited and now its gone. They still haven't released the details but I'm sure its gone.
Probably better for the market overall, but it would have been great for me since we are about to close!
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