2010 Returns with New Home Buyer Credit May be e-filed

2010 tax returns with  the new home buyer credit are allowed to be efiled, therefore, speeding up refunds.

In prior years,  returns claiming the credit had to be filed on paper.  The processing was in most cases very slow and refunds were often delayed.

Homes purchased prior to May 1, 2010, may be eligible for the credit.   If there was a binding contract in effect as of April 30, taxpayers had until the end of September 2010 to close.