Time is Running Out on Uncle Sam’s Extended and Expanded Tax Credit
February 5, 2010
Filed under: First Time Home Buyers,Real Estate News Tags: 2010, April 30, Currnet Homeowners, Expanded Tax Credit, Extended, Federal Government, First0Time Homebuyers, Income limits, Joint Taxpayers, June 30, Move-Up Buyers, National Association of Realtors, Repeat buyers, Sales Contract, Single Taxpayers —
The clock is ticking on the opportunity to take advantage of the federal government’s extended and expanded tax credit for first-time homebuyers and current homeowners.
The original tax credit of $8,000 for first-time buyers has been expanded to include a $6,500 credit for qualified current home owners. Buyers must purchase a new or existing home prior to April 30, 2010. If a binding sales contract is signed by April 30, 2010, home purchases completed on or before June 30, 2010 More...
