Extending Tax Credit

Frequently Asked Questions:

For existing home owners, must the house cost more than the old house? No. You just have to meet the eligibility requirements to receive the tax credit.

What is the purchase price limit for a move up buyer, regarding the 6500 dollars? 800,000 is the absolute highest you can go in order to receive the tax credit.

If I owned a home for 10 years or more and I sold it two years ago (renting currently), am I still eligible for the tax credit? Yes. If you lived in the home for five consecutive years of the previous eight, you qualify. The thing that matters the most is living in a house for five consecutive years.


I hope this was helpful....