Home Buyer Tax Credits: $8,000 or $6,500 Good Reasons to Buy a Home Before April 30, 2010

H.R. 3548 – Worker, Homeownership, and Business Assistance Act of 2009 was signed into law by President Barack Obama on November 6, 2009, offering an extension of generous tax benefits to first-time home buyers as well as expanding nearly comparable tax benefits to move-up, repeat home buyers.  The $8,000 (or 10% of the purchase price, whichever is less) first-time home buyer tax credit was scheduled to expire on December 1, 2009.  Now first-time home buyers have until April 30, 2010 to sign a contract for the purchase of a home, and until June 30, 2010 to close on its purchase to qualify for the $8,000 refundable credit.

About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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