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house approves homebuyer tax credit extension: House approves homebuyer tax credit extension - 06/30/10 08:58 AM
House approves homebuyer tax credit extension
By Tami Luhby, senior writerJune 30, 2010: 8:44 AM ET
NEW YORK (CNNMoney.com) -- The House of Representatives voted Tuesday to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit. But the Senate had better act fast - the deadline is currently Wednesday
The bill doesn't help anyone currently shopping for a home. Buyers must have signed a contract by April 30 to qualify for the tax break. At issue is when the deal must be finalized.
The House voted 409 to 5 to delay … (0 comments)

 

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