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Tax Credits Coming to an End

Posted on | March 8, 2010 | No Comments

I keep hearing wishful thinking from those who are not ready to purchase a home yet that the government will once again extend the tax credits for first time home buyers and those who are either moving up or down in a home (check the rules as not everyone will qualify).  For you, there has been no indication that the tax credits will be extended at this point.

For those who are currently looking to buy a home the tax credits will last until the end of April to have a house under contract with a closing day before the end of June. You will need to check with your accountant to make sure you qualify before you count on the tax credit. Your Realtor and Loan Officer have jobs to do and can give you general rules. Your accountant knows your situation and the IRS rules and is the best person to ask to clarify the tax credits.

Category: Protect Yourself
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