First-Time Homebuyer Tax Credit
Eligible first-time home buyers who purchase a primary residence between January 1, 2009 and December 1, 2009 have been eligible for up to an $8,000 federal tax credit. Congress has extended the tax credit through April 30, 2010 with additional provisions for contracts that close after that date. The legislation will also add a tax credit for certain existing home owners who buy a new home.
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Visit the
First-time Home Buyer Tax Credit website sponsored by the National
Association of Home Builders for more information. |
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You'll also find
information about the tax credit and related legislation at
REALTOR.org |
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Visit the IRS website for details when you prepare next year's tax return. Look for "Form 5405" and consult with a knowledgeable tax advisor. |
And new for New York State in September 2009...
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You might also be interested in a SONYMA tax credit called the Mortgage Credit Certificate. Click here for details... |
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