Extended or Not Extended? This is the question on most people’s mind as it relates to the Homebuyer Tax Credit.
The media has been buzzing with the news that the Homebuyer Tax Credit has been extended, and a new tax credit of up to $6,500 for repeat homebuyers who have owned their current home for 5 years or longer is available.
This news broke after a congressional aide leaked positive news about the extension of the tax credit. Unfortunately the news stories did not lead with the fact that this congressional aide spoke to the media under the condition of anonymity, because “he WAS NOT authorized to publicly discuss the deal that Senators have been considering.”