If I do not close on the home I am buying by April 30 will I lose the home buyer tax credit?
By admin - Last updated: Monday, March 29, 2010 - Save & Share - Leave a Comment
There are two different home buyer tax credits schedule to end on April 30, 2010. The first is the first time home buyer tax credit of up to $8,000 and the second in the long-time resident tax credit of up to $6500.
As part of the qualification process you must be under contract to purchase a property by the April 30th deadline and must close by June 30, 2010.