Home Tax Credit Deadline Approaches

If you want to take advantage of the Obama administration’s housing initiative that allows first-time homebuyers to receive a federal income tax credit of up to $8,000 upon purchasing a home, time is running out. While the initiative has certainly helped home sales across the country, homebuyers have until December 1 to close a sale to take advantage of the credit.
Any loan that closes before November 30th is still eligible for the credit, a fact that many homebuyers may or may not be aware of as they pursue the purchase of their first home. However, most loans take about thirty …read more