The Feds Are Doing Something Nice For A Change….

Posted by Janice on April 2, 2010

I saw an interesting commercial the other night informing us that the Home Buyer Tax Credit has once again been extended. It seems that this offer has made a big difference in today’s seriously outrageous economic crisis. I have several friends that are in the real estate business and they are all saying that houses are really starting to sell and that this tax credit has been a blessing all the way around. 

Looking for buying first home tax credit information is made so easy with the Internet. I ran across a site by Coldwell Banker that helped me understand the whole situation. With a short but interesting and informative video to take a gander at as well. If you take 3 minutes and 28 seconds and watch it as well I’ll bet you’ll learn a thing or two as well.

 

What I didn’t know is that this credit isn’t only for first time home owners, but is designed to assist homeowners who have lived in a current home consecutively for five of the past eight years as well. If so you can receive up to a $6,500 tax credit, that’s a nice chunk of change to get back from Good Old Uncle Sam!