Tax Credit Extended for Pending Contracts

The First-Time Homebuyer Tax Credit set to expire June 30th for pending contracts has been extended by President Obama. The extension is good through September 30th, 2010, but this extension only applies to contracts signed by April 30, 2010. The law gives first-time home buyers a tax credit up to $8,000.00 and repeat buyers a tax credit up to $6,500.00. Floridarealtors.org recently published an article tracking the approval of the bill.

For more information on the tax credit please contact our office at 941-954-9991

Posted by Karen Gagliardi, Business Development Coordinator with Berlin Patten, PLLC.

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