Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000.
The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday.
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