Are you feeling a bit of panic to close on the signed sales contract for your new home prior to June 30, 2010, so that you can realize your $8000 or $6500 tax credit? You are not alone!
Apparently, the U.S. Senate is listening to you. A measure was introduced in the U.S. Senate Thursday, June 10, 2010, that would extend the required closing date from June 30, 2010 to September 30 2010.
Here's The Scoop:
- You must have a valid contract in place which was signed by April 30, 2010.
- Currently, it is required that you close on that contract by June 30, 1010, in order to claim your tax credit.
- If the measure is passed, it will be added as an Amendment to the jobs legislation that is currently pending in the Senate.
- You will then have until September 30, 2010, to close on your new home and the tax credit will be yours!
No comments:
Post a Comment