Wednesday, January 27, 2010

Information on the Extended Home-Buyer Tax Credits for Los Angeles

President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain repeat home buyers. The package, which the government estimates will cost a total of $11 billion, is intended to help spur housing sales, a critical part of the economy.

There are some great questions and answers within this informative article that will definitely clear up any confusion.  To read the entire article click here. 

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