HomeBuyer Tax Cuts Added to Stimulus Bill
In the hopes of revitalizing the housing industry, the US Senate has voted to give a tax break of up to $15,000 for homebuyers. The tax break was approved without dissent, reaching across party lines to kick start the economy and provide additional relief for homebuyers receiving credit for 10% of their homes value, up to a $15,000 limit.
This doubles the current credit, which has been available only to first-time buyers and it will be extended to everyone. Thinking of taking the plunge into the Petaluma housing market, there's no time like the present if you have sufficient funds to make the move. Email timo at timo@timorivetti.com to talk about how this new homebuyer tax cut can help you afford your move in 2009.
