I have been getting calls about the tax extension being extended from all over the country….This topic can be very misleading and confusing.
Tax Credit Extension has NOT enacted Yet.
Due to confusing reports in the press, many have asked if the tax credit deadline extension is approved. It is not. Progress is being made. The Senate passed an amendment to the “tax extenders” legislation that includes the extension of the June 30 deadline for tax credit closings to September 30. So the amendment is now in the bill. The Senate must still pass that bill and the House must also pass it and send it to the President before the extension will take effect. The chance for an extension has improved but it is not a done deal.
Please feel free to email or call me if you have any further questions. As always, I will keep you up to date on any new developements.