Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

RE/MAX Tax Credit Video
RE/MAX CEO Margaret Kelly addresses the extension and expansion of the federal homebuyer tax credit.

Homebuyer Tax Credit Comparison Sheet
Flyer showing the differences and revisions to the homebuyer tax credit as of November 9, 2009

Frequently Asked Questions Sheet
A list of F.A.Qs regarding the tax credit.