Tax Credit Quick Facts
Extends the First-Time
• Home Buyer Tax Credit of up to $8,000 until April 30.
•Expands the credit to grant up to $6,500 credit to current home owners purchasing between November 7,
2009 and April 30.
• May be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
• Each home buyer’s tax credit is determined by two additional factors: price of the home and buyer’s income.
• As long as a written binding contract to purchase is in effect on April 30, the purchaser will have until July 1 to close.
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