First-time Homebuyer Tax Credit Extension Highlights

In addition to record low co-op, condo and mortgage rates, those who bought a main home recently or are considering buying one and who haven’t owned a main home during the past three years qualify for the first-time homebuyer credit.

• This unique credit of $8000 is refundable, which means you don’t have to pay it back to the government!
• It can be claimed on either your current return or you can amend your previous tax returns.
• If you owe less tax than the amount of the tax credit, say $300 to the government before claiming the credit, the government will send you a check for $7,700.
• Even if you had no income in 2008 or 2009, owed no tax, and purchased a qualifying house in 2009, the government will send you a check for $8,000.
• This deal applies to Manhattan apartments, co-ops and condos priced at less than $800,000.
  

Get in touch with Alfred Real Estate today to take advantage of this once in a lifetime opportunity.

For more details on the first-time homebuyer tax credit extension, click here.