$8,000 Tax Credit Extended (And EXPANDED) for DFW Residents

The $8,000 tax credit, which was scheduled to lapse on Dec. 1 of this month, was effectively extended through the end of June 2010.  This is great news for people who were rushing to find a good home in order to qualify!  Homebuyers must now sign a contract before April 30 and close on their home by June 30.  There were also some changes in regard to income limits.   Single buyers can now earn up to $125,000 and still get the full credit, while a married couple can earn $225,000.  Hooray! But the government didn't stop there.  Not even close.  The new bill even makes more homeowners eligible to claim the credit on their taxes.  First-time homebuyers (those who haven't owned a a home in the past 3 years) still qualify for the existing credit of $8000, but now those who have owned (and lived in) a residence for at least 5 years can claim a credit in the amount of $6500! "The new version of the tax credit has the potential to stimulate the ...