Paul Lorenzetti

Associate Broker

PA License # AB066326

RE/MAX of Lebanon County

1518 Cumberland Street

Lebanon, PA 17042

Office: (717) 270-8808

Cell: (717) 304-9524

Direct: (717) 270-2897

FAX: (888) 568-5444

Serving lebanon pa real estate, palmyra pa real estate, annville pa real estate, cleona pa real estate, cornwall pa real estate, lancaster pa real estate, myerstown pa real estate and hershey pa real estate needs

6/16/2010

Senate approves home tax credit extension

Associated Press

June 16, 2010, 2:30PM

WASHINGTON— The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal would only allow people who already have signed contracts to finish at the later date. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.

The Nevada Democrat added the proposal to a bill extending jobless benefits through the end of November.

Senate Approves Closing Date Extension for Homebuyer Tax Credit
06/18/2010
A proposal to extend the homebuyer tax credit through September 30, 2010 passed its first hurdle this week, with the U.S. Senate passing the measure 60-37.

Click Here for IRS Form 5405 - First-Time Homebuyer Credit

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Associated Press June 16, 2010, 2:30PM

Associated Press

June 16, 2010, 2:30PM

WASHINGTON— The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal would only allow people who already have signed contracts to finish at the later date. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.

The Nevada Democrat added the proposal to a bill extending jobless benefits through the end of November.

Senate Approves Closing Date Extension for Homebuyer Tax Credit

Associated Press

June 16, 2010, 2:30PM