Congress has passed The Worker, Homeownership and Business Assistance Act of 2009. This Act has extended the previously enacted New Homebuyer Tax Credit of up to $8000 and has added a $6500 tax credit for homeowners that have owned a home for a consecutive 5 years of of the last 8 years. There are limitations and restrictions, however, this credit will be extremely useful for those that qualify. To see the governement website that best describes these new credits, go to http://www.federalhousingtaxcredit.com/

Please let us know if you have any questions. We would be happy to assist you.