Homeowner's Credit

Homeowner's Credit

At the end of November  of 2009, the homebuyer's credit was expanded to include more taxpayers as well as to extend into 2010.  The deadline for the home purchase is now April 30, 2010.  The new homebuyer (has not owned a home in the past three years) can get up to $8,000.  The "long-time resident" homebuyer (has been in the same home for five of the last eight years) can get up to $6,500.  For more details, read the IRS article here.