(Another) Tuesday Tax Time: Two Bills to be Voted on Tomorrow

There are two bills of potential interest to you that may be voted on by tomorrow.

The Homebuyers Assistance and Improvement Act of 2010 would extend the first time home buyer’s credit to September 30, 2010.  That is, you still have to have signed a contract to purchase a home by April 30, 2010, but this new bill would allow you until September 30, 2010 to move in (extended from the current deadline of June 30, 2010).

and,

The Restoration of Emergency Unemployment Compensation Act is a bill that rose out of the Senate’s inability to pass the previous American Jobs and Closing Tax Loopholes Act of 2010.  The previous bill was set to extend around 50 expiring credits (which is good), but it had some terrible provisions for small business included in the bill (which is bad).  This current restoration bill would extend expiring unemployment benefits for an estimated 1.7 million individuals through November.

Thanks, Jason M. Blumer

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