Wednesday, September 23, 2009

Tax Credit Already Helped 1.1 Million Households

The IRS says 1.4 million have used tax credit already. The 1.4 million total is based on the number of taxpayers claiming the $8,000 first-time home buyer tax credit on their 2008 income tax returns, including amended returns, the IRS says in a release (IR-2009-083).

Meanwhile, with it expiring Dec. 1, NAR continues its full court press to extend the credit into 2010. Watch and link to a video with NAR Government Affairs on the legislative outlook for the extension.

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