Extended Tax Credit Ends in April!

As I promised a while back, here is more information on the tax credits (and a reminder not to wait much longer):

For those of you that were excited that the $8,000 tax credit for first-time home buyers was extended, but haven’t done anything about it then you might want to get the ball rolling. According to the IRS, if first-time home buyers want to receive the $8,000 tax credit, they need to enter into a binding contract to buy a house before or on April 30, 2010. Also, they must close the deal before June 30, 2010 to receive the tax credit. There is also good news for current homeowners. Under the new law that was passed on Nov. 6, 2009 that extended the tax credit, homeowners that have lived in their homes and used the same home for primary residence for at least a consecutive five years can receive a $6,500 tax credit towards buying a new home. For additional information on these tax credits, please go to IRS.gov.

First Time Home Buyer Credit Extended!

The first time home buyer credit of $8,000 which was due to lapse at the end of the month is in the process of being extended for seven months. Also there is a new credit of $6,500 for home buyers that have lived in the same place for 5 years. More details to come.

Seattle Times