House OKs Extension of Tax Credit Deadline

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Persons who file later up until the September 1 deadline will receive any credit due in the form of a revised tax bill. Applicants filing after May 1 are advised not to delay payment of the property tax bill until receipt of the credit if they wish to receive the discount for early payment offered in some subdivisions.

Filing a tax extension gives you six extra months to file your tax return (5 months for certain business entities) But if you owe taxes, the IRS requires that you still pay by the original due date of your return (typically April 17 for individuals and March 15 for businesses).

House OKs extension of tax credit closing deadline. In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three month Wednesday’s deadline for closing on a home purchase in order to claim the federal homebuyer tax credit. The Senate could vote on the bill, HR.

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The federal tax credit for first-time buyers is "a huge motivator" for Rebel, and he may end his search if the nov. 30 deadline arrives and he still hasn’t closed on a deal. He unsuccessfully.

The House of Representatives Tuesday voted 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.

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 · The bad news is that there’s no way to stop the tax deadline clock. The good news is you can get an extension to file your 1040. By filing for an extension, the Internal Revenue Service will give you six more months, up to Oct. 15, to submit your return. You still have to.

Congress OKs housing tax credit extension Share this:. The U.S. Senate signed off late Wednesday on extending the tax credit deadline until Sept. 30. The House had approved the measure the day.

5 Tips to Buying a Home on Deadline and How the Tax Credit Extension Can Help. Don’t forgo any of the steps you would normally take just to make the tax credit deadline. Make sure the house.