November 7th, 2009 12:46 AM by LISA OVERLOCK
Lawmakers vote to extend tax credit through April 30, 2010
A bill to extend the $8,000 tax credit for first-time home buyers has passed both the House and Senate.
There is also a new $6500 tax credit for repeat buyers who purchase a home between
Dec. 1, 2009 and May 1, 2010. Repeat buyers must have lived in their homes consecutively for 5 of the previous 8 years.
Income limits to qualify are expanded to $125,000 on a single returnand $225,000 on a joint return.
Now is the time to buy!!!