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Homebuyer Credit Expanded; Obama Expected to Sign Tomorrow

Congress has voted to expand the tax credit until April 30, 2010.  Here is a link to the Bloomberg article with details. Here are two quick highlights:

  1. Homeowners owing their house for at least 5 years to receive $6,500 credit.
  2. Couples earning $225,000 per year allowed, up from $150,000.