Tax Credit Deadline Approaches

Here's what you need to do to get the Home Buyer Tax Credit:

1. Close on your home purchase between November 7, 2009 and April 30, 2010 or have a binding written purchase agreement in place by April 30, 2010 with a closing date of no later than June 30, 2010.

2. Decide whether to:

a. Apply the credit to your 2009 tax return filed on or before April 15, 2010
or file an amended return; or

b. Apply the tax credit on your 2010 return, filed on or before April 15, 2011.

c. Attach a copy of your HUD-1 settlement statement.

If you are shopping for a new home and anticipating entering into a purchase agreement please be aware of the April 30th deadline.