Lawmakers extend the $8,000 tax credit - WALB.com, South Georgia News, Weather, Sports

Lawmakers extend the $8,000 tax credit

By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - On Wednesday the Senate passed a bill to expand unemployment benefits and a homebuyers tax credit program.

Lawmakers extended the $8,000 tax credit for first time homebuyers through June.

They also created a $6,500 credit for current owners who buy a new home.

The credit has already helped more than a million people buy homes.

"Extending it to next April, which this bill does allows the American housing market and first time home buyers to take taxes they pay convert it to equity and help stimulat what is the rock solid base of the American economy," said Sen. Johnny Isakson, (R) Georgia.

The bill also extends unemployment benefits by 14 weeks in all states and 20 weeks in state's with high unemployment, including Georgia.


©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • 2 Brooks Co. men found dead in pond

    2 Brooks Co. men found dead in pond

    Wednesday, February 21 2018 2:03 PM EST2018-02-21 19:03:12 GMT
    (Source: WALB)(Source: WALB)

    Officials with the Brooks County Sheriff's Office said that two men died Tuesday night.

    More >>

    Officials with the Brooks County Sheriff's Office said that two men died Tuesday night.

    More >>
  • 4 tax breaks you won't believe are real

    4 tax breaks you won't believe are real

    Wednesday, February 21 2018 1:22 PM EST2018-02-21 18:22:07 GMT
    Now that tax season is in full swing, many residents are looking for tax breaks to beef up their refund or reduce what they owe. Here are four quirky tax breaks you won't believe are real. (Source: Pixabay)Now that tax season is in full swing, many residents are looking for tax breaks to beef up their refund or reduce what they owe. Here are four quirky tax breaks you won't believe are real. (Source: Pixabay)

    Now that tax season is in full swing, many residents are looking for tax breaks to beef up their refund or reduce what they owe. Here are four quirky tax breaks you won't believe are real. 

    More >>

    Now that tax season is in full swing, many residents are looking for tax breaks to beef up their refund or reduce what they owe. Here are four quirky tax breaks you won't believe are real. 

    More >>
  • APD looks to identify Target shoplifting suspect

    APD looks to identify Target shoplifting suspect

    Wednesday, February 21 2018 1:01 PM EST2018-02-21 18:01:18 GMT
    According to police, a man came into the store on February 9 shortly after it opened and took 5 Fitbit watches. (Source: APD via Target surveillance footage)According to police, a man came into the store on February 9 shortly after it opened and took 5 Fitbit watches. (Source: APD via Target surveillance footage)

    The Albany Police Department is looking to identify a man they say took five Fitbit watches from Target. 

    More >>

    The Albany Police Department is looking to identify a man they say took five Fitbit watches from Target. 

    More >>
Powered by Frankly