Home > Tax News & Info > Congress OKs legislation to extend closing date for homebuyer credit to October 1, 2010

Congress OKs legislation to extend closing date for homebuyer credit to October 1, 2010

On June 30, Congress passed the Homebuyer Assistance Improvement Act of 2010. The Act provides first-time homebuyer credit relief to taxpayers who couldn’t meet the June 30, 2010 closing date.

This extension allows homebuyers who signed a contract no later than the April 30th deadline to complete their closing by the end of September.

The three-month extension of the closing date provides tax relief for those who couldn’t close on time because of backlogs at lenders and federal programs involved in homebuyer loans.

Comments ( 0 )
  1. No comments yet.
Comments are currently closed.
Trackbacks & Pingbacks ( 0 )
  1. No trackbacks yet.
  2. Trackbacks are currently closed.