A Senate panel has worked out a deal to extend the homebuyers’ tax credit program through April 2010. Income limits for eligibility would be extended too–to singles making up to $125,000 a year and couples making up to $225,000. Repeat buyers are included in this new expansion, but their tax credit will be $6500 versus $8000 for first-time buyers. Sales agreements must be in hand by April 30, but buyers will have until June 30 of next year to close the sale.
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