It was the talk of the day. All the buzz was about extending the tax credit to Apr '09.
A Senate Committee reached a compromise yesterday to extend the $8000 tax credit for first time home buyers. They also are trying to add a $6500 credit for other primary home purchasers with a raised qualifying income limit to $125,000 for single taxpayers and $225,000 for joint taxpayers. Under the Senate panel compromise, buyers must have sales agreements in hand by April 30th and must close by June 30th, 2010.
But this measure still faces votes in the full Senate and the House in order to be passed.
Stay tuned!
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