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President Barack Obama signed the U.S. tax credit extension of home buyers who close on or before April 30, 2010.

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Obama signs US Tax credit extension

By Sondra Slappey

November 7, 2009 — Obama signed an extension to the home buyers $8000 tax credit.

The credit will extend to buyers who close on or before April 30, 2010 and includes buyers who wish to purchase a more expensive home.

The credit applies to homes with a purchase price under $800,000. The income limits were raised to $125,000 for single taxpayers and to $225,000 for those filing jointly. The previous income limits were $75,000 / $150,000.

An estimated 2 million buyers will take advantage of this tax credit extension.

The real estate markets need all of the help they can get. This is a boost and will certainly help what will likely be a soft 2010.

For more visit www.investinvail.com/

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