House OKs Extension of Tax Credit Deadline

In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday’s deadline for closing on a home purchase in order to claim the federal homebuyer tax.

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 · The House, on June 29, 2010, passed the Homebuyers Assistance and Improvement bill of 2010 (H.R. 5623). The legislation would extend the deadline for closing on a home to qualify for the homebuyer credit from prior to July 1, 2010 to prior to October 1, 2010. It does not extend the April 30, 2010 deadline [.]

Shadow inventory declines by 1.2 million in 2012 Editor’s Note: For Campaign 2012, Martin Baily wrote a policy brief proposing. Corelogic estimates that a “shadow inventory” of 1.6 million distressed properties likely to be put on the market in.

Senate OKs new tax credit closing deadline The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.

Update: Congressional Republicans released the text of their final tax proposal, including incentives for electric vehicles and wind power. Utility Dive’s original. eligibility deadline. The House.

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WASHINGTON (MarketWatch) — The home-buyer tax credit deadline would be extended three months following a Wednesday vote in the Senate. Senators voted 60 to 37 to approve the extension for the.

Credit: ©iStock The U.S. solar and wind power industries will mark the holidays with heightened spirits after receiving multiyear extensions of their coveted renewable energy tax credits from a.

Child Tax Credit Senate OKs Reid Amendment to Extend Homebuyer tax credit closing. extend the closing deadline for this tax credit through September of this year — allowing lenders more time to clear a backlog.

Senate panel OKs extension for home buyers’ credit by Alan J. Heavens, INQUIRER REAL ESTATE WRITER , Posted: October 28, 2009 Senators reached a compromise today to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn.

 · One way to escape having to file the extension request tax form is to pay the taxes you owe through an IRS venue such as Direct Pay, EFTPS or using your own credit card on When you pay all that you owe online by the deadline through these venues you will receive a confirmation number for your records and do not have to file the Form 4868.

Number of underwater homeowners grows: CoreLogic GSE reform proposals next on the to-do list as for the competition aspects, this will be placed in the congress to do list, which is good for two reasons: first, it respects congressional participation which as an intramural matter is a necessity, and second it relegates that congressional to do to an after-administrative reform timetable which, given congressional partisanship, is.Home prices nationwide — including distressed sales — shot up 12.4% in July from the same month a year ago. That marks the 17th consecutive monthly year-over-year increase in home prices nationally.