February 12, 2009 Elad Bushari

The economic stimulus deal reached by House and Senate leaders reportedly slashed the Senate’s proposed $15,000 homebuyer tax credit. The Associated Press reports that the $35 billion homebuyer tax credit included in the Senate bill was cut down to a $2 billion to $3 billion plan that would allow first-time homebuyers to claim an $8,000 tax credit for homes purchased by Aug. 31. The credit would not have to be repaid.

The legislation would also grant up to $1,500 to homeowners who install new doors, windows or furnaces to make their homes more energy-efficient.

Elad Bushari

Elad Bushari is the Broker / Owner of Bushari Group Real Estate and a National "30 Under 30" Honoree by REALTOR Magazine in 2009.

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