Aundrea Beach-Greco Mortgage Blog $8000 buyer tax credit may be extended... October 3rd, 2009 7:35 PM Compliments of Kiplinger's Tax Letter 10.2.09 $8000 Tax Credit May Be Extended Tax and benefits bills are beginning to move, spurred by Congress’ desire to extend expiring breaks and to solve a problem that low inflation has created in 2010 for Social Security and Medicare recipients. Start with the first time home buyer credit, the $8,000 break that is set to expire on Nov. 30. The credit will be extended for a few months, and lawmakers will clarify that first time purchasers don’t have to complete the sale by the expiration date to get the tax credit. They need only sign a contract. The odds are low that Congress will expand the credit to folks who aren’t first time home buyers, or increase the credit limit to $15,000. As always, I will keep you updated as news transpires. Aundrea Beach-Greco Mortgage Advisor, CMP, CMPS (702) 326-7866 Posted by Aundrea Beach-Greco on October 3rd, 2009 7:35 PMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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