Obama Signs First-Time Homebuyer Tax Credit Extension

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Obama signs 3-month extension of homebuyer credit.. The $8,000 tax credit for first time homebuyers and $6,500 credit for others purchasing a new primary residence was a highly popular.

An extension of the $8,000 first-time home buyer tax credit appears all but certain after the Obama administration called on Congress to give house hunters more time to claim the popular tax perk.

When President Obama signed an extension and expansion of the home-buyer tax credit into law Friday. and they’ve closed prior to the date of enactment, when the president signs the legislation,

President Obama Signs Into Law New Tax Credit for Current Home Owners and Extension of New Home Buyer Tax Credit President Obama just signed a bill TODAY to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010 and includes a new tax credit for people who already own a home.

Obama Signs homebuyer tax credit extension. potential homeowners with offers currently under contract now have until September 30 to close the deal, instead of the original June 30 deadline. The tax credit remains at a maximum $8,000. The Senate approved the bill late Wednesday evening, a day after it passed the House of Representatives.

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The Washington Post writes again today about the upcoming deadline ending the $8,000 homebuyer. Obama is mulling over extending the credit and several senators, including Maryland’s Ben Cardin,

The homebuyers’ tax credit has been extended to April 30, 2010. President Barack Obama approved the extension as part of a $24 billion economic stimulus bill signed Friday.

The Senate last night voted to extend the $8,000 first-time home buyers tax credit, and the House followed suit today. The president is expected to soon sign it into law. Estimates for the proposed.

President Barack Obama signed an extension of the homebuyer tax credit’s closing requirements, giving homebuyers an extra three months to complete home purchases initiated on or before April 30.

Worker, Homeownership, and Business Assistance Act of 2009 New tax provisions for home buyers in the Act [ edit ] Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7]