Courtesy of Tenaciousme
Congress approved a bill today that extends unemployment for millions and expands tax credits for homebuyers. President Obama will add his signature on Friday.
Just in time? The bill would extend unemployment benefits for 14 weeks in all states and up to 20 weeks in states with unemployment over 8.5 percent. The extension comes as 7,000 people are exhausting their benefits every day and jobs remain scarce with roughly six job seekers for every job posting. On top of the job situation, many homes around the country still sit empty. That’s why the $8000 credit for first-time homebuyers, originally set to expire this month, will also be extended through April. Another bonus for homeowners – the legislation includes a new $6,500 credit for buyers who have lived in their current home for at least five years.
Don’t miss out on these benefits. Visit The Beehive for unemployment help, job services and more.
