Obama Signs First-Time Homebuyer Tax Credit Extension

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An extension of the $8,000 first-time home buyer tax credit appears all but certain after the Obama administration called on Congress. arguing that failing to do so would jeopardize recent signs of.

Jan. 20 Obama is sworn in as the 44th President of the United States. In his inauguration address, he tells Americans that “the state of our economy calls for action: bold and swift.â Feb. 6 The.

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The $24 billion bill, which the White House said President Obama will sign on Friday, would provide unemployment. The legislation would also extend through April 30 a $8,000 first-time home buyer.

President Barack Obama signed an extension of the homebuyer tax credit’s closing requirements, giving homebuyers an extra three months to complete home purchases initiated on or before April 30. The.

first time homebuyer tax credit. IRS issues $37M in questionable refunds to first-time homebuyers The Internal Revenue Service issued an estimated $37 million in questionable refunds to buyers using the first-time homebuyer tax credit, a federal audit conducted.

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On a 98-0 vote, the Senate passed a measure to extend until April 30, 2010, an $8,000 tax credit for first time buyers that is scheduled. and send the measure to President Barack Obama, who is.

Mortgage News > Obama to sign homebuyer tax credit extension: Date: 11/06/2009 After weeks of debate Senate and House leaders are presenting an extension of the first-time home buyer tax credit for the President’s approval today.

 · The development comes amid mounting speculation over the future of the popular tax perk. 1. Missing out: The $8,000 first-time home buyer tax credit was part of President Barack Obama’s $787 billion economic stimulus package, which he signed into law in February. The incentive has since been popular with home buyers; Mark Zandi,

Again, this is just for home buyers that were under contract by the April 30th. Many were unable to close by the June 30th deadline, this September 30 extension will give them additional time to close. Read more here: Obama Signs 3 Month Extension of Homebuyer Credit. Update July 1: The US Senate passed the tax credit extension yesterday.