Push to Increase Homebuyer Tax Credit

Great news!  There’s a big push from legislatures and businesses to increase and extend the current homebuyer tax credit.  A number of bills have been introduced into the legislature.  Some of the tax expansions include increasing the homebuyer tax credit from the current $8,000 to $15,000, extend the tax credit time frame from the end of the year, 2009 through to mid 2010, opening up the tax credit to all homebuyers and providing a $3,000 credit to homebuyers who refinance.