First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify

A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers. The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.

IRS YouTube Video
New Homebuyer Credit, November 2009

 

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