Source: Kenneth R. Harney, Washington Post ( Free Registration )

Take a close, hard look at the new $6,500 federal tax credit for “move up” home buyers that passed the Senate and House last week. Though it’s been getting second billing to the original $8,000 credit for first-time purchasers—now extended by Congress through June 30—the $6,500 credit for current homeowners just might have your name on it.

How does it work? When will it be available?

Read Full Article: New tax credit may be worth pouncing on