NOT SO FAST! First-time homebuyers may still qualify for tax credit NOT SO FAST!
Although the $8000 first-time homebuyer tax credit, and the $6500 tax credit for all other buyers is set to expire at the end of this month, the Senate is considering extending the tax credit to the end of September, 2010.
Word is that it will not extend the credit for those who did not have the house under contract by the end of April (the first requirement). For more information on the potential extension, please see the article below from the Wall Street Journal. Should you have any questions, please do not hesitate to contact us.
Best,
Trent from CSSP