Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic

challenges facing our nation, Congress has passed new legislation that:

Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers

until April 30, 2010.

Expands the credit to grant up to $6,500 credit to current home owners purchasing a

new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help

prospective home buyers become part of the American dream. If you have specific

questions or need additional information, please contact a tax professional or the

Internal Revenue Service at 800-829-1040.

Who Qualifies for the Extended Credit?

First-time home buyers who purchase homes between November 7, 2009 and April 30,

2010.

Current home owners purchasing a home between November 7, 2009 and April 30,

2010, who have used the home being sold or vacated as a principal residence for five

consecutive years within the last eight.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have

owned a residence during the three years prior to the purchase.

If you or your client purchased a home between January 1, 2009 and November 6,

2009, please see: 2009 First-Time Home Buyer Tax Credit.