Tax Credit: Biden’s Bold Move to Make Homeownership Attainable for All Americans
Washington, D.C. – The dream of homeownership is slipping further out of reach for many Americans, as they face soaring home prices and high mortgage interest rates. In response to this housing affordability crisis, President Joe Biden unveiled a proposal during his State of the Union address to introduce new tax credits aimed at assisting first-time homebuyers and current homeowners looking to upgrade. Under the proposed plan, first-time homebuyers could receive a $10,000 tax credit …