The Home Buyer Tax Credit is a new legislation congress passed that was developed to stimulate the U.S. housing market and address the economic challenges facing our nation.

With the Home Buyer Tax Credit, First time Home Buyers Tax Credit will be extended to up to $8,000, if you are a first time home buyer, you are eligible for this, it runs until April 30, 2010. The Home Buyer Tax Credit also expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

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