Homebuyer Assistance and Improvement Act of 2010
Post Date: 7/23/10 |
Last Updated: 7/23/10 |
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First-Time Homebuyer Credit
Prior Law. The first-time homebuyer credit applies to qualified taxpayers who enter into a written binding contract before May 1, 2010 to purchase a principal residence if the closing date on the purchase occurs before July 1, 2010.
New Law. Under the new law, the first-time homebuyer credit applies to qualified taxpayers who enter into a written binding contract before May 1, 2010 to purchase a principal residence if the closing date on the purchase occurs before October 1, 2010.
Prior Law. The first-time homebuyer credit applies to qualified taxpayers who enter into a written binding contract before May 1, 2010 to purchase a principal residence if the closing date on the purchase occurs before July 1, 2010.
New Law. Under the new law, the first-time homebuyer credit applies to qualified taxpayers who enter into a written binding contract before May 1, 2010 to purchase a principal residence if the closing date on the purchase occurs before October 1, 2010.
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