
June may have ended, but that hasn’t stopped the popular homebuyer tax credit program from going strong.
Homebuyers who have signed purchase agreements as of April 30, 2010, will have three more months to close their deals and pocket thousands of tax credit dollars, according to Reuters.
Congress today unanimously approved the measure, extending the closing deadline from June 30 to Sept. 30, 2010.
That means that approximately 180,000 first-time and existing homebuyers are still in the running to collect the $8,000 and $6,500, respectively, government incentives.
President Barack Obama is expected to soon ink his ceremonial signature to make the extension official.
Since its introduction in early 2009 (and expanded/amended numerous times), the homebuyer tax credit program has helped nearly three million American taxpayers who have collectively claimed more than $21 billion, according to the latest U.S. Treasury Department figures.
For more information about whether or not you qualify for tax credit funds visit IRS.gov. To check out the latest news on the tax credit situation click here.






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