The $15,000 Homebuyer Tax Credit - What It Is and What it Is Not

There is a $15,000 Tax Credit in the current version of the stimulus package, on which the Senate is expected to vote on Tuesday, Feb. 10. Senators Johnny Isakson (R-GA) and Joe Lieberman (I-CT) are the sponsors.What the Tax Credit IS NOT:--A Rebate. Buyers will not get a check for a lump sum merely because they purchase a house. A "rebate" is what citizens meeting certain income