Thursday

Probable Extension for Settlement of Qualifying Homebuyer Transactions - Tax Credit

From the Wall Street Journal . . . .


WASHINGTON (Dow Jones)--The Senate Wednesday approved more time for homebuyers seeking to claim a federal tax credit, but tabled a six-month extension of jobless benefits.

The homebuyer measure would help only those that entered into binding contracts before April 30. It would give such homebuyers until Sept. 30 to close the sale. Under current law, they would have had to close by today to be eligible for tax credits.

It passed the Senate by unanimous voice vote. President Barack Obama is expected to sign the homebuyer measure, which the House passed earlier this week.

2 comments:

  1. Property developers can often avoid unneeded costs from high tax rates by taking advantage of the tax abatement appraisals process and permitted a qualified municipality to abate the taxes on properties.


    Mandrien

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  2. People can invest money in real estate in these days and there are many agents who can help to get benefit of to pay less tax to government.

    شقق للبيع

    ReplyDelete