first time home buyers tax credit new york: Extension and Expansion of the First Time Home Buyers Tax Credit
- 11/07/09 02:50 AM
November 2009 After a two week delay, President Obama signed a bill which will extend the $8000 tax credit for qualifying first-time home buyers through June 2010. First time home buyers will receive the $8,000 Federal tax credit if they: 1. Sign a contract by April 30, 20102. Close on the home by June 30, 2010. The new bill will also provide a $6,500 credit for repeat buyers who purchase a new primary residence, and have lived in their current home for at least five of the previous 8 years. The bill has a few provisions including: 1. Single tax filers who earn up to $125,000 are eligible … (2 comments)
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