Thursday, July 1, 2010

Home buyer tax credit extended

Legislation that extends until Sept. 30 the closing deadline for claiming the homebuyer tax credit -- HR 5623, the Homebuyer Assistance and Improvement Act of 2010 -- was passed by the Senate by unanimous voice vote Wednesday and could be signed into law by President Obama today.  (source,

Buyers still needed to be under contract on the home purchase by April 30, but now have an additional three months to close the purchase.