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NEW YORK (CNNMoney.com) -- The House of Representatives voted Tuesday 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 fast - the deadline is currently
Wednesday.
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The bill doesn't help anyone currently shopping for a home. Buyers must
have signed a contract by April 30 to qualify for the tax break. At
issue is when the deal must be finalized.
The House voted 409 to 5 to de
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 fast - the deadline is currently
Wednesday.
439
EmailPrintComment
The bill doesn't help anyone currently shopping for a home. Buyers must
have signed a contract by April 30 to qualify for the tax break. At
issue is when the deal must be finalized.
The House voted 409 to 5 to de