"Tax and benefits bills are beginning to move, spurred by Congress' desire to extend expiring breaks and to solve a problem that low inflation has created in 2010 for Social Security and Medicare recipients.
Start with the first time home buyer credit, the $8,000 break that is set to expire Nov. 30.
The credit will be extended for a few months, and lawmakers will clarify that first time purchasers don't have to complete the sale by the expiration date to get the tax credit. They need only sign a contract. The odds are low that Congress will expand the credit to folks who aren't first time home buyers, or increase the credit limit to $15,000."
Stay tuned! We'll hear more about this soon!
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