First Time Home Buyers Tax Credit

Time is Running Out

Are you a First Time Home Buyer?

If so, you must close on your new home by December 1, 2009.

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000.00 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.  The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000.00.

A first time buyer is someone who has not owned a principal residence n the past three years.  The income limit for single taxpayers is $75,000; the limit for married taxpayers is $150,000 filing a joint return.

This tax credit does not have to be repaid provided you own the home for three years.

So, if you are a first time home buyer or know someone who is contact me today.

Sharon Kopcza, Coldwell Banker Prime Properties, Cifton Park, New York

Telephone: 518-640-4213 email:




Sharon Kopcza

Sharon Kopcza

Licensed Real Estate Salesperson
Contact Me