The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.

The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

To learn more about taking advantage of this tax credit please contact a realtor or a Westin Homes representative. You can also visit www.federalhousingtaxcredit.com to find out who is eligible, how the amount granted is determined, and for any other unanswered questions.