The current home buyer tax credit is scheduled to end on April 30, 2010
The current home buyer tax credit is scheduled to end on April 30, 2010. Buyers who have not executed a contract to purchase with a seller by that date will not be able to take advantage of the up to $8,000 for a first time home buyer and up to $6,500 for a qualifying repeat home buyer.
Many have asked if the tax credit will be extended and right now there are no way of knowing for sure if this will happen. Home buyers who are interested in purchasing a home anywhere in the US and who want to receive the available tax credit money after they purchase the home should take steps now to start looking for homes.
While the deadline to be under contract is April 30th, buyers who are under contract will have until June 30, 2010 to close on the deal and still qualify for the credit.
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