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Extension of Homebuyer Tax Credit Closing DeadlineDate : 06/30/2010 Well. The Tax Extenders Bill, which also contains legislation to extend unemployment benefits for out of work Americans, has been repeatedly voted down by Senators who refuse to add more debt to the budget deficit, and now it appears the bill will not be revisited until after the 4th of July recess!The House just backed a measure to extend the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers. From House Rep. Frank Kravotil's site: Today, the House of Representatives passed an extension of the $8,000 homebuyer tax credit for first time homebuyers. The extension...Click here to View All News Articles |
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