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Home Buyer Tax Credit – Possible Extension

June 30, 2010

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(June 29, 2010)—The United States House of Representatives has just passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5. This bill extends the deadline for closing tax credit eligible transactions from June 30 to September 30, 2010. The bill moves to the Senate where the outcome is much less certain. NAR will continue to update you as the events move forward.

For more information, please visit the National Association of Realtors.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

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