First Time Buyer Tax Credit Extended
Monday, November 9th, 2009Well, as many had hoped, the First Time Home Buyer Tax Credit has been extended until April 30, 2010!
To recap what the credit is, it is a dollar-for-dollar reduction in what a taxpayer owes in taxes. For example, if you owe $8,000 in income taxes and you are eligible for the full $8,000 home buyer’s tax credit, you would owe absolutely nothing in federal taxes.
Its still a great time to buy. Interest rates are still low and housing prices in Brooklyn are either flat are have risen slightly. If you are looking to buy a house, condo or coop, give me a call and let me help you take advantage of the free money the tax credit represents.
