In case you have not heard, the Federal Home Tax Credit has been extended into 2010.  Eligible first time home buyers will continue to receive a tax credit of up to $8,000.  But now, with the expansion, eligible repeat home buyers can receive a credit of up to $6,500!  The income limits were raised to $125,000 for single taxpayers and $225,000 for married taxpayers filing jointly.  Some home buyers that are above these limits may receive a reduced credit.  The home purchase must be completed by April 30, 2010.  Home sales occuring between April 30 -June 30 are eligible provided that the home was under contract by April 30.   So the time to act is now!  Please feel free to contact me anytime if you are interested in purchasing a home in Athens, GA or surrounding areas.  For more information on the Federal Home Buyer Tax Credit, please visit:  http://federalhousingtaxcredit.com/