Report: $8,000 Homebuyer Credit Finds Its Way Into Stimulus
As we mentioned earlier, it’s been a hell of a time tracking down details on a stimulus deal that lacked for details. But a preliminary summary coming from
Jul 31, 2020612.8K Shares8.5M Views
As we mentioned earlier, it’s been a hell of a time tracking down details on a stimulus “deal” that lacked for details. But a preliminary summary coming from the office of House Speaker Nancy Pelosi (D-Cal.) this morning indicates that the $789 billion package includes a tax-credit for first-time homebuyers.
No numbers accompany the summary, but The Associated Press reported earlier todaythat an $8,000 tax-credit will be available for first-time homebuyers who purchase homes through July 31. That’s a drop from the $15,000 creditpassed by the Senate, which would have benefited all homebuyers (not just first-timers), but provides a slight increase over the $7,500 credit passed last month by the House.
No word yet whether there are income restrictions on the final credit.
Paolo Reyna
Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles