Here is an excerpt from the Housing Wire story in the subject:
President Barack Obama signed the “Worker, Homeownership and Business Assistance Act of 2009†into law on Friday, extending the first-time homebuyer tax credit as well as certain jobless benefits…
With the first-time homebuyer tax credit originally scheduled to expire on Dec. 1, 2009, HR 3548 now allows first-time buyers to claim 10% of the purchase price of their home, up to $8,000 for single or married taxpayers filing jointly, if they close on the purchase by midnight June 30, 2010. Taxpayers must purchase or be locked into a contract to close before midnight on April 30, 2010.
