April 15, 2010|Cynthia Saylor|Mortgages/Economy/Market
Yes, it's tax day.
But for buyers, April 15 also signals the start of the final countdown for the Home Buyer Tax Credit.
There are only 15 days left to negotiate a price and complete a fully executed Purchase Contract for a property you intend to buy if you plan to qualify for the credit created by 2009's Worker, Homeownership and Business Assistance Act.
To qualify, you must have a binding sales contract in place by April 30, 2010, and the home purchase must be completed by June 30, 2010. If you have questions about the credit, there is a list of FAQs at www.federalhousingtaxcredit.com.
And, if you forgot about tax day, you might find this helpful: IRS Form 4868 - Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Read More
TagsApril 15, Home Buyer Tax Credit, IRS, Purchase Contract, tax day