The Senate has voted 98-0 to extend the first time home buyers tax credit of $8,000until April 30, 2010. Buyers must have a signed purchase agreement and close before June 30, 2010. There is an additional provision for current homeowners who have owned their current home for at least 5 years. They can qualify fora $6,5...00 tax credit toward a new home (FHA guidelines still apply). To qualify, the home must be less than $800,000 and buyers cannot earn more than $125,000 per individual or $225,000 per couple per year.
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