Great news for potential home purchasers in 2009 if the stimulus package presented to the Senate is passed. Last night the Senate approved adding a $15,000 tax credit for home buyers.
The tax break for homebuyers, which the Senate approved by voice vote without opposition, was the second amendment in two days intended to encourage consumers to make major purchases. On Tuesday, the Senate approved a tax incentive for car buyers, that would allow the deduction of sales tax and loan interest on purchases made this year.
More information is available at the following link from a NY Times article:
http://www.nytimes.com/2009/02/05/us/politics/05stimulus.html?hp
