As Reported By Reuters

Washington, DC. The U.S. Congress has tax breaks for homebuyers on Thursday and sent the measure to President Barack Obama to sign into law.

The bill, among other provisions, extends an $8,000 tax credit for first-time homebuyers until April 30, 2010 and expands it to cover more affluent buyers. It also creates a new $6,500 credit for repeat buyers who have been in their current home for at least five years.

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