The deadline for completing qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until Sept. 30 to close on the home.


The deadline for completing qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until Sept. 30 to close on the home.

The Homebuyer Assistance and Improvement Act of 2010, enacted on July 2, extended the closing deadline from June 30 for eligible homebuyers who entered into a binding purchase contract on or before April 30 to close on the purchase of the home on or before June 30, 2010.

For more information about the First-Time Homebuyer Tax Credit and the documentation requirements, visit www.IRS.gov/recovery.