Three More Months – HR 4213

Posted on June 17, 2010 | by Denny Oh

Senate just passed a bill that extends the First Time Home Buyer, Federal Tax Credit.  Previously, home buyers who qualified could get an $8000 tax credit if they were in escrow by April 30th of 2010 and closed by June 30th of 2010.  Thanks to amendment HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010, now you can close escrow as late as September 30th of this year and still qualify for the credit – but you still would have had to have been under contract by April 30th.  This is NOT for the $10K California home buyer tax credit.  Good luck!

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