NEW YORK (CNNMoney.com) — The House of Representatives voted Tuesday to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit.But the Senate had better act fast – the deadline is currently Wednesday.
The bill doesn’t help anyone currently shopping for a home. Buyers must have signed a contact by April 30 to qualify for the tax break. At issue is when the deal must be finalized.
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