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Homebuyers, A Big Break


The Senate is handing homebuyers a $15,000 tax break.

This is way bigger than the previous version of a break for homebuyers.
By a voice vote, the Senate decided to hand anyoone, not just first-time homebuyers, a tax credit of up to $15,000 for homes purchased this year. It's still not law yet, but, Wow.

More details later.

The Stimulus bill, which is moving through the Senate, may come up for a vote later on today.

And did you hear there's another tax credit proposed for interest and sales tax on car purchases? That's not as big, but still, we need all the breaks we can get.

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Comments

That is good news, they should also have the 4% mortgage the republicans are pushing for too.


That is good news, they should also have the 4% mortgage the republicans are pushing for too.


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About the author
You've got the job of managing your money. No one in school taught you how. But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money last, how to educate the kids, how to make a budget work. The conversations I have with my readers are fun. Money's important, but discussing it does not have to be boring.

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.

Brackey has worked at Business Week magazine and at USA TODAY, where she was a founder and part of the original staff of the Money section at the country's first national newspaper. After nearly 11 years there - spent covering the 1980s bull market, the insider trading scandals, the 1987 crash - Brackey left Washington, D.C., and came to The Miami Herald. She spent the next decade writing a column about personal finance that chronicled the stock market's Internet boom and bust, as well as the popular Money Makeover features.

Brackey also has done commentaries for Marketplace Money, which airs on National Public Radio and The Nightly Business Report which is broadcast on more than 250 PBS television stations nationwide. She also has been a radio guest on WLRN’s Miami Herald News.
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