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Will the $8,000 First-Time Home Buyer Tax Credit Expand to $15,000?

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I think expanding from $8,000 to $15,000 is a mistake. It might help the market but ultimitly the money is coming from us tax payers and most of us can't afford a tax hike to cover the housing tax credit. I say keep it at $8,00. and just expand it to all home buyers, not just new and that should help some. You have to consider to long term for everything with the tax credits. Were do you thing the money comes from that the government gives out? US

Kristin of PA 3:38PM December 20, 2009

I believe this would give people like me a jump start on being able to buy a home as well as pay a couple of mortgage payments ahead of time.

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Ceqyrodu of NY 6:03AM November 16, 2009

this is a good program that can help a lot of good people that want to live the american dream. I don't look at it as the government helping out like some knight in shining armor, it's the government giving back tax money that never should have been taken to begin with. They are not suppose to tax us on our personal income . If you don't believe me, just ask the I.R.S. to show you the law. They can't do it because there isn't one.

of 7:44AM November 06, 2009

I've only heard the tax credit time has been extened to April 2010, not they the amt. has increased. Time ext. passed Senate yesterday and waiting for Obama to sign off.

Staci of TN 3:17PM November 05, 2009

I believe that all the greedy scum comes out of the wood work when people do good things for them. This is a tax credit to help people and the scum just jumps aboard and makes fraudulent claims to the IRS. I say the IRS should prosecute all those people to get the money back. No more refunds for them for the next 5 years. That would teach them a lesson. No more stupid excuses from people because if you are not clear on the tax laws then you need to hire a tax consultant. Corporations have been playing this game for years. It is time for the big boys to pay up.

Mike of OR 3:48AM November 05, 2009