Home Buyers Tax Credit - Closing Date to be Extended

home buyers tax credit

People hoping to take advantage of the first-time home buyer tax credit would have an extra three months to close their home purchases and still qualify, under a measure introduced in the U.S. Senate Thursday.

To be eligible for the current tax credit, home buyers must have a valid contract by April 30, 2010 and close the transaction by June 30, 2010. The Senate measure would allow home buyers until the end of September to complete their transactions.

It remains to be seen, however, whether the amendment will go anywhere. It's part of a controversial jobs and tax bill that may be radically changed before the Senate approves it. Lawmakers are not scheduled to vote on the bill until next week at the earliest.

Share the wealth: Bookmark and Share

Stay Informed. Stay Connected.

Backyard Wealth Facebook Become a Fan!

Backyard Wealth on Twitter Follow Us!

You Tube Stay Tuned In!

rss More on the Backyard Wealth Blog!

Views: 5


You need to be a member of Real Estate Investing - Investment Articles Forum Tips Clubs to add comments!

Join Real Estate Investing - Investment Articles Forum Tips Clubs

Reviewed Investing Websites and Software

© 2022   Created by Matt Gerchow.   Powered by

Privacy Policy  |  Report an Issue  |  Terms of Service