Written by Federal Title | 21 June 2010

More breathing room could be on the way for people racing to meet the June 30 closing deadline to qualify for a home-buyer tax credit, the Washington Post reports.

The Senate recently passed a measure that would give buyers who met the April 30 deadline for signing a purchase agreement an additional three months to close their deals. The legislation, attached to a bill that would extend unemployment benefits, still needs final approval in the House.

The new closing deadline would be Sept. 30.