$15,000 Homebuyer Tax Credit Added to Stimulus Plan
Homebuyers will be pleased with a major new addition made last night to the stimulus bill currently winding through Congress. The Senate voted by voice to include a tax credit of up to $15,000 for new homebuyers that would be in effect for one year following the passage of the stimulus package. This measure represents substantially more incentive for homebuyers than the tax credit passed last year of $7,500 that has to be repaid over the course of 15 years.