Extending the $8,000 Tax Credit?

The current $8,000 tax credit for first-time home buyers will expire on November 30, 2009. To take advantage of this credit, closing must occur by November 30.

The credit has boosted home sales during 2009, and lawmakers are discussing extending the tax credit. Several options are on the table including extending the credit as it stands now and opening a tax credit up to all home buyers.

Click the link below to go to CNNMoney.com to view an article giving the pros and cons of different options.

Lawmakers may expand the $8,000 homebuyer tax credit - Oct. 14, 2009*