The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009, and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).  Qualified move-up or repeat home buyers purchasing any kind of home are eligible to claim this credit.  The tax credit is equal to 10% of the homeowner’s purchase price up to a maximum of $6,500.00.  Purchases of homes priced above $800,000 are not eligible for the tax credit.  The income limit for single tax payers is $125,000.  The limit is $225,000 for married tax payers filing a joint return.