Tax Credit Extended and Expanded
Filed Under Lake Oswego home buyers, Lake Owego Home sellers, West Linn home buyers, West Linn home sellers, home buyers, home sellers · Tagged: Extended 1st time home buyer credit
Hot off the Press – 11/5/2009
House of Representatives today joined overwhelmingly, the Senate to PASS and EXPAND the 1st time home buyers tax credit. The new credit will be expanded to include existing home owners.
This will have positive impact to the Lake Oswego/West Linn markets among others, that tend to be a more step up communities. The increased income levels will open the door to more families being able to take advantageous of the tax credits.
$8000 1st time home buyer extended
$6500 Existing home owners have been added
Income limits for Married filing jointly has increase to $225,000.
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