If you have not closed on the home yet that you signed for before April, you don’t have much time left to get this done if you want to qualify for the first time home buyer tax credit. Depending on whether you’re taking on a mortgage loan for the first time in at least three years or upgrading to a new home, you may be able to take advantage of between $6,500 and $8,000 in the form of a tax credit for the 2010 tax season. However, if you’re not able to close on the home by the June 30 deadline, you won’t be able to enjoy the credit. (Market Watch)
