Tax people: has there been any updates on the 15k first time homebuyer credit?

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I doubt this would happen and haven’t heard this come up in any legislation in the last few months.

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With the way the housing market is, I would highly doubt it will go through in the near future. If you’re waiting to buy to potentially get this credit, you’re probably ineligible. I know you have to be a first generation homebuyer and I’m sure there will be a pretty low income cap.

I just bought recently but heard it would be effective for houses bought in 2021 if it goes through. I thought the first generation requirement was for a different credit that’s a little more, I could be mistaken though.

I don’t see it happening, another Biden promise that won’t see the light

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Maybe if you can deal with the higher payments for the next 3 years and sell/refinance above today’s prices you’ll be ok, but this isn’t going to be pretty.

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