Thursday, October 29, 2009

Senators differ on extending homebuyer tax credit

WASHINGTON (AP) — Top Democrats in the Senate are pressing a plan that would extend a popular tax credit for first-time homebuyers but gradually phase it out over the course of next year.

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Proposed items...
Extend through April 2010 (close by end of June)
Repeat buyers who owned their home for 5+ years with a dollar limit of $6500

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