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Tax Credit Extended - Great News for Breckenridge & Summit County Real Estate

Posted by Breckenridge Associates Real Estate on Wednesday, November 18th, 2009 at 12:57pm.

There is exciting news for potential homebuyers and homeowners, the existing government tax credit has now been extended and expanded.

The first-time homebuyer tax credit has just been extended through the end of April. In addition, an expansion of the program now includes a tax credit of $6,500 to homeowners who have lived in their principal home for at least five years and are purchasing a new residence.

Qualified buyers will be able to claim the tax credit on 2009 or 2010 tax returns. Some restrictions on income limits, property type and eligibility may apply.

View details on the tax credit via this RIS Media Article and learn the answers to questions about the buyer and owner credits through the Q&A via The New York Times.

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