First-Time Homebuyer Tax Credit Extended & Expanded - 11/30/09 07:48 AM
The Worker, Homeownership and Business Assistance Act of 2009 was signed into law on November 6, 2009, and extends and expands the previously passed first-time homeowners tax credit.
There are three major sections to be mentioned (for detailed information about the new law, click here).
1.       Extension
§   The credit was set to expire on November 30, 2009. 
§   The first-time homeowner tax credit is available for those eligible taxpayers who enter a binding home buying contract for a principal residence on or before April 30, 2010.   
§   The eligible taxpayer must close on the home by June 30, 2010.  
§   … (2 comments)

 
Steve Richman (Genworth Financial)

Steve Richman

Raleigh, NC

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