Adjust Text Size

Homebuyer Tax Credit Extension in the Works

Written by Nickel - One Comment

Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays.

Homebuyer Tax Credit Extension in the WorksIn case you haven’t heard, the House of Representatives voted yesterday to extend the homebuyer tax credit by three months, but only in a limited fashion.

More specifically, they’re looking to extend the deadline for closing on your new home if you went under contract before the April 30th deadline. If, on the other hand, you’re currently shopping for a new home, this measure won’t help.

Apparently the fate of 200,000 prospective homebuyers hangs in the balance, as they got under contract in time but are struggling to close by the June 30th (today!) deadline. The Senate, who tried to pass something last week as part of a failed job creation bill, has since been pushing their own legislation.

Source: CNN/Money

Published on June 30th, 2010 - One Comment
Filed under: Real Estate,Taxes

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Comments (scroll down to add your own):

  1. Does tax credit apply to motorhome lived in more than 50 % of the time?

    Comment by Anonymous — Jul 16th 2010 @ 2:09 pm

Leave a comment

Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.