The Wall Street Journal is reporting that the $15,000 proposed tax credit was kicked out of the stimulus package in exchange for a an $8,000 tax credit for first-time home buyers that does not require repayment.  The credit will also be extended through the end of August December 1, 2009, but will only be available for those who have not already taken advantage of the $7,500 tax credit.  Remember, that means closing on the home by December 1st, not just deciding to buy by then, so if you’re interested – get on it.

Again, this is not official yet, but I’ll keep you updated.  Find the official press release here.  The IRS has not updated their website yet, but I’ll update this post when they do, so check back.

Photo Credit:  alykat via Flickr

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