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The United States Senate leadership amended a proposition to substitute an expiring $8,000 first-time home buyer tax credit, extending the credit to higher-income borrowers and to others who already own real estate, according to Bloomberg.

The program would extend the revised credit to April 30, 2010. It will also make the credit available to homeowners and buyers earning up to $125,000, or $225,000 for couples, this is an increase from $75,000 for individuals and $150,000 for couples available current available.