Wednesday, February 4, 2009

Senate OKs $15,000 tax break for homebuyers

This proposal will still need approval by the House and moved into the stimulas package. The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only.

See the breaking story:

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