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The $8000 tax credit for first-time home buyers (previously due to expire Nov. 30), has been extended through April 30, 2010, according to the Associated Press. Not only has it been extended, but it has also been expanded
to include more buyers.

Details on Tax Credit Extension:

*        $8000  tax credit for first-time homebuyers extended for buyers who
sign a contract by April 30, 2010 (and who close by the end of June).

*        $6500 tax credit offered to homebuyers who have lived in their
current residence at least five years and who want to "trade up" (buy a new
primary residence).

*        Couples earning as much as $225,000 a year and individuals earning
up to $125,000 would qualify (up from $75,000 for individuals and $150,000
for couples).

*        Tax credit not applicable for those buying homes worth more than
$800,000.

*        Those who sell their new home or stop using it as their main
residence within three years would have to repay the credit.

For more information, visit http://www.federalhousingtaxcredit.com/