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Some questions and answers about the homebuyers tax credit: Q. What's the purpose of the credit? A. Congress passed the tax credits in an effort to boost the struggling housing industry and fight recession. Indications are that it's had an impact. The National Association of Realtors reported ...
Homebuyer Credit Expanded and Extended The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov.6,2009,extendand expands the first-time homebuyer credit allowed by previous ActsUnder the new law, For qualifying purchases in 2010, taxpayers have the option of claiming...