Tick, tock ... tax credit deadline looms
How's it going out there, racing to close home purchases by 11:59 p.m. Wednesday?
That remains the deadline to qualify for the homebuyer's tax credit of up to $8,000. A measure extending the closing deadline to Sept. 30 is pending in Congress -- but it has not been passed. (That would apply only to deals that met the April 30 deadline for going under contract.)
There is always a chance that Congress could pass an extension after the June 30 deadline that could be made effective retroactively, but that can't be counted on.
June 29, 2010; 11:20 AM ET
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