Deadline for Federal First Time Home Buyers Credit

To claim a Federal First Time Home Buyers' Credit, you must be under contract by April 30.  Under the current law (The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov. 6, 2009 which extended and expanded the first-time homebuyer credit allowed by previous Acts) an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.
 
For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.

For documentation requirements for claiming the credit, click the following link:


First Time Home Buyers' Credit: Answers