LexisNexis Tax Advisor - Federal Topical: First-Time Homebuyer's Credit Extension

LexisNexis Tax Advisor - Federal Topical: First-Time Homebuyer's Credit Extension

Recently signed legislation extends the first-time homebuyers tax credit and expands the scope and reach of the law to make home ownership even more accessible than it was previously. The U.S. Senate had passed a bill that the House or Representatives approved without revision. This new measure's passage is a function of the first-time homebuyer credit initiative's effectiveness in advancing stabilization of the housing market and promoting economic restoration.

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