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While home sales are dipping due to the final days of the first time home buyer tax credit, congress is being urged by President Obama to extend the very successful stimulus for a few more months. If you haven’t purchased your first home yet, you might not be out of luck.

First Time Home Buyer Tax Credit Extension

With talks in the works to extend the tax credit, congress is also discussing whether or not to change the credit to include all home buyers, not just first time home buyers. Instead of the $75,000 income limit for the first time buyer credit, congress is discussing setting a $125,000 limit, which would allow for many consumers to take advantage of this stimulus.

The new deadline being discussed is April 30, 2010. We’ll keep you updated!

If you’re thinking of using your taxes to help dig yourself out of debt, give us a call first at 1-877-386-3603