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2019 Idaho Real Estate Blog

Homebuyer Federal Tax Credit Extension Is Coming Main Boise Home Loans
Watch for an extension of the tax credit for purchasing a home VERY SOON...read on for some details on the new legislation.

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Dear BuildIdaho.com reader:

On Wednesday, November 4th, the Senate (on a 98-0 vote) approved an extension to the tax credit program for purchasing a home.

The new version of the tax credit program in this legislation would extend the $8,000 tax credit for first-time homebuyers to April 30, 2010. The bill also will provide a new $6,500 tax break for existing homeowners who want to move up to a new home, as long as they have lived in their current residence for five consecutive years out of the last eight.

The bill now goes to the House for quick passage. Then, the bill will go to President Obama for a television etravaganza signing event.

If you are interested in talking more about this post or a specific question about the tax credit program, feel free to call me at (208) 880-0316, or email me at eric@ericsloans.com. You can also visit my website at http://www.ericsloans.com.

Regards,


Eric Leigh, Mortgage Consultant
2965 E. Tarpon Drive, Ste. 150
Meridian, ID 83642
(208) 880-0316
http://www.ericsloans.com
eric@ericsloans.com
 
Posted by Eric Leigh at 11/5/2009 4:09:00 PM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Idaho REALTOR ®
208.629.0217 | Info@BuildIdaho.com

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