Saturday, December 26, 2009

Some Good Extensions into the New Year

Some good things have been extended into 2010. For workers who have lost (or will lose) their jobs between the end of November and the end of February, 2010, the subsidy of COBRA health benefits will be extended. Workers losing their jobs in that time period will still be eligible for a 65% subsidy of their premiums.

The $8,000 tax credit for first time buyers has also been extended to purchases between January 1 and April 30th, 2010. If there is a binding home sales contract signed before April 30th--and the sale is finalized by June 30th--the tax credit still stands. The legislation also offers a chance for repeat home buyers to get a $6,500 tax credit, with the same time restrictions.

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