New $6,500 federal tax credit for 'move-up' home buyers may benefit you

Take a close, hard look at the new $6,500 federal tax credit for so-called move-up home buyers that passed the Senate and House recently. Though it's been getting second billing to the original $8,000 credit for first-time purchasers -- now extended by Congress through June 30 -- the $6,500 credit for current homeowners just might have your name on it.

By Kenneth R. Harney

November 15, 2009