Kane & Company, Certified Public Accountants And Advisors

Episode 5: Newly Extended and Liberalized Homebuyer Tax Credit Rules

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The "Worker, Homeownership, and Business Assistance Act of 2009," signed into law on Nov. 6, extends and generally liberalizes the first-time homebuyer tax credit, making it a much more flexible tax-saving tool. It also includes some crackdowns designed to prevent abuse of the credit.