Home Buyer Tax Credit Revised 2009
Feature	Jan. 1 - Nov. 30, 2010                      Rules as Enacted Feb-09	Nov. 7 - April 30, 2010       Rules as Enacted  Nov 2009
First Time Buyer -     Amount of Credit	$$8,000 ($4,000 filing            separately)	$$8,000 ($4,000 filing separately)
First Time Buyer -      Definition of Eligibility	May not have had an interest in a primary residence for 3 years prior to purchase	May not have had an interest in a primary residence for 3 years prior to purchase
Current Home Owner Amount of Credit	No Provision	$6,500 ($3,250 filing separately)
Effective Date Current Owner	No Provision	7-Nov-09
Current Home Owner Definition of Eligibility	No Provision	Must have used the home sold or being sold as a principle residence consecutively for 5 of the previous 8 years
Termination of Credit	Purchases after Nov. 30, 2009 (Becomes April 30, 2010 on Nov. 7, 2009)	Purchases after April 30, 2010
Binding Contract Rule	None	So long as written contract to purchase is in effect on April 30, 2010, the purchaser will have until July, 1, 2010 to close
Income Limits (note increased income limits are in effect as of Nov. 7, 2009)	$75,000 Single                                   $150 Married                          Additional $20,000 Phase out	$125,000 Single                      $225, 000 Married                     Additional $20,000 Phase Out
Limitation on cost of purchased home	None	$800,000 Nov. 7, 2009
Purchase by a dependant	No Provision	Ineligible Nov. 7, 2009
Anti-fraud	None	Purchaser must attach documentation to tax return