Having a comfortable home is everybody’s dream. However, not everyone can afford buying the home of their dream. Some people might need several years to be able to buy the home. If you are a first time home buyer, you can be glad since the Government has extended and expanded the federal income tax credit for first time home buyers.

The tax credit extension is until April 30, 2010. It gives you an opportunity to receive the home buying tax credit for your home purchasing. The home buying tax credit is for those who have not owned a property in the last three years or the first time home buyers. They can get home buying tax credit up to US $8,000. Meanwhile, if you are a homeowner who has lived in your home for more than 5 years can get tax credit up to $6,500. It is a good opportunity to help you buying your dream home.

However the home buying tax credit is only for singles with monthly income less than $125,000 or $225,000 for married couples. If you wish to get the most of the home buying tax credit, you can go to ColdwellBanker.com. It is a leading organization in the real estate industry. Whether you are looking for residential or commercial real estate, they will help you to get the tax credit.