Obama Signs First-Time Homebuyer Tax Credit Extension

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

In order to stimulate the housing market, the president has signed off on the extension of the first time home buyers tax credit, as well as open it up to others as well. This will extend the tax credit to first time home buyers from November 30,2009 to April 30, 2010.

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The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers. The Senate must still approve the measure before President.

WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner said on Thursday the Obama administration has not yet decided whether to extend the $8,000 first-time homebuyer tax credit but was.

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.

U.S. President Barack Obama has signed into law, HR 3548, the Worker, Homeownership and Business Assistance Act of 2009. The bill extends the present $8,000 tax credit for first-time homebuyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five.

Homebuyer Tax Credit for Service Members Senate Banking Chairman Chris Dodd wants to attach a six-month extension of the $8,000 first-time homebuyer’s tax credit to pending legislation extending jobless benefits. The credit is.

An extension of the $8,000 first-time home buyer tax credit appears all but certain after the obama administration called on Congress. arguing that failing to do so would jeopardize recent signs of.

It’s hard not to laugh when viewing the results of the federal first-time home-buyer tax credit. The credit, worth up to $8,000 for the purchase of a home, has only been available since April of.

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How did they sign up for the program anyway. The two spikes in existing home sales were due primarily to the first time homebuyer tax credit (the initial credit last year, followed by the extension.

WASHINGTON (Reuters) – The Obama administration on Thursday pressed Congress to back a limited extension of a popular first-time homebuyer tax credit that is set to expire at the end of November..

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