The deadline for the federal tax credit to first time home buyers has been extended. The federal government has also included an expansion for prospective buyers that already own a home.
The federal government has extended the $8,000 tax credit to new home buyers, and those who have not owned a home in the last three years, when they sign a contract to buy a home before April 30, 2010. Congress also added a $6,500 tax incentive to those buyers who currently own a home and have lived there for the last five years.
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