Released: January 23, 2010

Guidance on tax credit for repeat home buyers

Source: Kenneth Harney, Washington Post (Free Registration)

If you’ve been holding back on getting involved with the new $6,500 federal tax credit for repeat home purchases, there’s no more excuse for inaction. You now have all the official IRS guidance you’ll need to buy a house, qualify for the credit and pocket the $6,500.

That’s because the Internal Revenue Service finally published the rules for the repeat-purchase credit, with key details for taxpayers that had been missing since President Obama signed the legislation creating the program Nov. 6.

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