Thinking about Buying? Know this Date: June 30, 2009.

According to housing expert Kenneth Harney, if you're thinking about buying, know this date: June 30, 2009. This date is the current deadline to qualify for the home purchase tax credit created by the massive housing bill approved by Congress.

What's the story? If you have not owned a house during the past three years – or are considering buying your first home – and can go to closing before the end of next June, you may be eligible for up to a $7,500 credit against your federal taxes for 2008 or 2009 ($3,750 if you file taxes as a single person).

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