Blog > Not So Fast...

Unfortunately, I think I jinxed the US Senate's recent attempt to add an amendment to the stimulus bill that would have increased the homebuyer tax credit to $15,000 (read my previous post).  The final version that made it through both houses ended up with a first time homebuyer credit of $8,000.  While not what the Senate had hoped for, it is still a very meaningful credit and, unlike the current incentive in place, it does not have to be repaid.