Changes to Real Estate Purchase Tax Credits!

January 14, 2010 by lourie

Yes it’s true that the Federal Government extended the home purchase tax credit…even if you currently own a home, you may qualify.  But the deadline is approaching fast…you must have a fully accepted, bonafide contract by April 30th, 2010…which means if you are interested in buying a Short Sale you would need to have an accepted contract by no later than February 28th!  To determine if you qualify for this tax credit, contact your tax professional…in the mean time, you can follow this link that I found which answers many questions  http://www.federalhousingtaxcredit.com/faq1.php


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