More than just real estate

Homebuyers tax credit extended

Good news if you’re feeling crunched for time to close on your new home to take advantage of the tax credit – The Senate has just extended the closing deadline three more months!

On Wednesday, the Senate accepted an amendment to extend the closing deadline to September 30th for buyers who met the April 30th deadline to have a signed contract. Previously, buyers had to have closed by June 30th to be eligible for the $8,000 tax credit for first-time homebuyers and $6,500 credit for existing homeowners.

For more information on the tax credit and the recent extension, contact a knowledgeable Realtor in your neighborhood.


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