Proposed $15,000 tax credit wiped out?

As it stands, the $15,000 tax credit for home buyers may be no more. According to the AP, "Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said. The agreement would allow taxpayers to deduct the sales tax paid on new car purchases, but not the interest on loans for the same vehicles."

It is still unclear as to what tax credit will remain, or if an increase over the existing $7,500 tax credit might be possible.

Stay tuned for updates!