My buyers have lots of questions about the proposed $15,000 home buyer tax credit that is a part of the Sentate version of the economic stimulus package.  Unfortunately, I don’t have a lot of answers, as this bill has NOT BEEN FINALIZED yet. It goes up for a vote tomorrow, so no one is sure what the final details will look like.

However, if you’d like to get an idea of what the proposed tax credit might look like, there are a few good write-ups about it out there.

Financial blog Calculated Risk has put together as much information as they could find about the proposed tax credit, starting with key details and going on into a comprehensive overview. Keep in mind this is only what they know now, and  this information may no longer be accurate  if the Senate bill changes.

Also,the WSJ has a FAQ on the prosposed tax credit that is worth checking out. Again,  if the Senate bill changes… well, you know the drill.

I’ll be keeping an eye on this today and tomorrow and will post updates as they become available.