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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.
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.
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