Featured Property

Kingswood Ranch in Old-Bethpage ( Ref : 2-MorrisonDr. )
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Sold
 Asking Price :
$ 549 000
Land space : 10000 Sq. Ft.

Features : Central Air,Oversized Lot,Sewer,Hardwood Floors,Fenced In Yard,Full Basement,New Boiler,New Hot Water Heater,Garage Detail
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First Time Home Buyer Tax Credit Frequently Asked Questions

In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale.

For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.

Chart Highlighting the Major Modifications to the First-Time Homebuyer Tax Credit