Obama Signs First-Time Homebuyer Tax Credit Extension

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First-time homebuyers who rushed to take advantage of the government’s $8,000 tax credit before it expired last year have already lost nearly twice that. A wimpy tax credit? April 02, 2010 01.

NEW YORK (Reuters) – Real estate and banking industry trade groups urged the Obama administration on Monday to press to extend and expand a tax credit for first-time home buyers that they. market.

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The $8,000 tax credit for first time homebuyers and $6,500 credit for others purchasing a new primary residence was a highly popular temporary measure by the Obama administration. Critics say the.

The Realtors group has been pushing hard in Congress for the extension. not get the benefit of the homebuyer tax credit, even though they have completed contracts," the Realtors said a a letter to.

On Friday, president obama signed into law an extension and expansion of the home buyer tax credit. A tax credit of $8,000 currently exists for first-time homebuyers who will close on a home by November 30, 2009.

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Homebuyer credit extension heads to Obama. Buyers must have signed a contract by April 30 to qualify for the tax break. At issue is when the deal must be finalized. Qualified existing homeowners also have until Sept. 30 to close on new homes and receive a tax credit of up to $6,500. Congress has been trying to pass the extension for the last month,

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RISMEDIA, November 9, 2009-President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. The extension is part of a $24.

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Austin Real Estate Broker Reminds First Time Homebuyer Tax Credit Expires President Obama is expected to sign the bill on Friday. It will extend through April 30 the $8,000 first-time home buyer tax credit. The legislation does more than expand the program, it extends it..

Wondering if you have to pay back the 2008 first-time home buyer tax credit? We list the details of the program and the options for getting out of.

Obama signs homebuyer tax credit extension. Potential homeowners with offers currently under contract now have until September 30 to close the deal, instead of the original June 30 deadline. The tax credit remains at a maximum $8,000. The Senate approved the bill late Wednesday evening, a day after it passed the House of Representatives.