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Wife and I are signing a contract tomorrow to build a new house. The build process is suppose to take 6-8 months. Assuming we close by July 1st, is it your oppinion that we would receive the $6,500 tax credit? We're not sure if the contract that we sign with the builder tomorrow would be considered...
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Here is the most recent text on the housing credit: The proposed $15,000 tax credit as an inducement to buy a new home was nixed. Instead, the bill will eliminate the requirement to repay an existing tax credit for those purchasing a home for the first time, and the size of that credit rose from $7,500...