Federal home buyers tax credit extension?

The U.S. Senate recently passed an amendment to a bill that, if passed, will extend a number of expiring provisions.  The bill, commonly referred to as an “extenders package,” includes an amendment to extend the closing deadline for the federal home buyers tax credit to Sept. 30, 2010.

Although the amendment to attach the tax credit extension to the bill was passed in the Senate, the bill itself has not yet been passed; the vote only attaches the amendment to the bill. Once the Senate passes the bill, it will go back to the House of Representatives for approval prior to reaching the president’s desk for his signature.

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