Obama Signs First-Time Homebuyer Tax Credit Extension

First-Time Home Buyer Tax Credit Gets Obama Nod | U.S News. – An extension of the $8,000 first-time home buyer tax credit appears all but certain after the Obama administration called on Congress to give house hunters more time to claim the popular tax perk.

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Obama Signs Home Buyer Tax Credit Extension.. The government will subsidize closing costs up to $8,000 fort first time home buyers in the form of a tax credit and up to $6,500 for those who have owned a home 5 of the last 8 years. Don’t wait and do spread the word.

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Next the bill will head to President Obama to be signed into law on Friday. While the bill extends the $8,000 tax credit for first time home buyers, it also makes available a tax credit to.

First-time homebuyers who rushed to take advantage of the government’s $8,000 tax credit before it expired last year have already lost nearly twice that.

President Barack Obama signed the "Worker, Homeownership and Business Assistance Act of 2009" into law on Friday, extending the first-time homebuyer tax credit as well as certain jobless.

The first-time homebuyer tax credit ended in 2010, at least for most taxpayers, but it still applies to those who purchased homes in 2008, 2009,

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BREAKING NEWS: Obama Signs Homebuyer Tax Credit Extension. RISMEDIA, November 6, 2009-President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current.

The first-time homebuyer tax credit was a refundable tax credit made available. However, the Obama administration extended the original time frame requiring homeowners to have a signed sales contract until May 1, 2010,

President Barack Obama signed the “Worker, Homeownership and Business Assistance Act of 2009” into law on Friday, extending the first-time.