Personal finance questions answered by WalletPop experts

Financial advisor
Financial advisor

April 15 has come and gone, but tackling personal finance questions never ends. Our WalletPop experts remain on hand to answer your burning questions about home, taxes and inheritance.

Question:I am a first-time home buyer in this hectic market. I have heard that the first-time home buyers credit will be extended to houses closing until June 1, 2010. The original date for closure cutoff was April 30, 2010. Any truth to the June deadline extension?

--Charlie

Answer from Barbara Weltman of The J.K. Lasser Institute: The first-time home buyer credit was extended through April 30, 2010. For anyone who is in contract by this date, you have until June 30, 2010, to close (and take title to the home) so you can claim the credit.

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