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Answers (13)
Best Answer
- Victoria McCormick, "VictoriaSells"
- Contributions:98
No, the tax credit has NOT been extended to the general public. Go to irs.gov for details on the extension that is provided to the military. There is a one year extension for the military but there are guidelines to qualify for the tax credit.
- sunnyview
- Contributions:25169
Thank you for the clarification.
- wayne lancaster, "funds2"
- Contributions:1181
The Senate passed a bill on 6/16 that included an amendment to extend the date to close a Tax Credit eligible loan until 9/30/2010. The House is likely to consider an extension this week. The joint bill must then pass Congress and then be signed by the President. Contract purchase date of 4/30 is still a requirement.
- Christine Armijo, "trublsd"
- Contributions:27
I just received word that the first time homebuyer tax credit of $8,000.00 has been extended through September 2010 and new existing Home Buyer Tax credit of $6500.00 as well. Call me for all your Real Estate needs - [contact info removed by moderator]
- Jason Van Mill, "jvanmill"
- Contributions:6
http://www.savingtoinvest.com/2009/09/2010-first-time-homebuyer-credit.html
Sorry, I must clarify and retract my statement. The federal tax credit has NOT been extended yet. The US Senate has approved a provision to be included in a larger Act that is expected to pass through the Senate and the House which will extend the closing date for claiming the credit until September. I hope this clears things up, I misunderstood the article the first time around. Happy shopping!
Sorry, I must clarify and retract my statement. The federal tax credit has NOT been extended yet. The US Senate has approved a provision to be included in a larger Act that is expected to pass through the Senate and the House which will extend the closing date for claiming the credit until September. I hope this clears things up, I misunderstood the article the first time around. Happy shopping!
- Ali Whitley, "AkronRealEstateAli"
- Contributions:1
The tax credit has not been extended. The proposal for extension that is in the Senate is regarding the time to close an existing transaction in order to receive the tax credit. Currently, the requirement to receive the Federal tax credit was to have the property under contract by April 30, 2010 and to close on the transaction by June 30th, 2010. The proposed extension, if passed, would allow current transactions in process to file by Sept.30, 2010 and still qualify for the credit (if all other qualifications are met). This allows for some of the short sales and bank owned properties that have been taking longer to process to file.
- Jason Van Mill, "jvanmill"
- Contributions:6
Yes it has been extended as of 6/17/2010.
Happy Buying!
Jason Van Mill
[link removed by moderator]
Happy Buying!
Jason Van Mill
[link removed by moderator]
- Natalie Feldman, "nataliefeldman"
- Contributions:254
No, the tax credit has not been extended, but a new California tax credit started in May. If you search for "2010 Tax Credit for New Home / First-Time Buyer" on a search engine, you will find information and find out if you qualify.
- Get Free REO List!
- Contributions:47
No it has not been extended but you can check out the new California tax credit that started in May.
- Jay Lotoski ABR, SFR, "The Property Aces"
- Contributions:365
The tax credit has not been extended, you can visit this website for details on the military extension.
- Denny Giza, "dennygiza"
- Contributions:162
The tax credit has not been extended to the public. Those that are active military have a year.
- wetdawgs
- Contributions:26945
The credit has not been extended for the general population. People who are active military have a year extension. (If you fall in this category, Please see the irs.gov website for details.)
Has the Federal government extended the $8,000 tax credit?
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