Myrtle Beach Real Estate

Stimulus Bill Passes, but the $15,000 Home Buyer Tax Credit is Wiped Out

 

Minutes ago an agreement was announced on a $790 Billion stimulus plan.  Unfortunately, the $15,000 Home Buyer Tax Credit was effectively wiped out in order to accommodate the new, lower overall limit of the bill. 

 

Large corporations will get the money, but the average Joe will not get a tax break when buying a home. 

 

Done! 

 

I'm sorry!

 

Apparently the existing $7,500 tax credit for first-time home buyers was amended to eliminate the repayment requirement. 

 

Thank you for your efforts in trying to help sway your legislators to keep this on the final bill!   It did not make it, but it wasn't for lack of trying.

 

What do you think about this outcome? 

 

*Note:  We have now enabled comments, so please let me know how you feel about this!

 

 

Mirela Monte                             click here to see the Associated Press Release

 
Posted by Mirela Monte on February 12th, 2009 12:17 PMPost a Comment (0)

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