The Worker, Homeownership, and Business Assistance Act of 2009, signed into law by President Obama on Nov. 6, extends and expands the scope of the first-time homebuyer tax credit, which was originally enacted in 2008. The new act also closes a number of loopholes that allowed for the abuse of this tax credit.
December 08, 2009 at 12:00 AM
1 minute read
Capital Gains
The Worker, Homeownership, and Business Assistance Act of 2009, signed into law by President Obama on Nov. 6, extends and expands the scope of the first-time homebuyer tax credit, which was originally enacted in 2008. The new act also closes a number of loopholes that allowed for the abuse of this tax credit.
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