Tax credit: you may be able to take advantage of it now

You may have recently heard of the tax credit that is available to first time home buyers but something you may not have heard of is that you do not have to wait until 2010 to reap the benefit of it.  

If you are looking to purchase a home and take advantage of the $8,000 tax credit that is available for first time home buyers you may be interested in knowing that you can receive the $8,000 tax credit this year.  You do not have to wait to file your 2009 tax returns to claim this credit.  In fact, you may be eligible to re-file your 2008 tax returns and receive the $8,000 credit some time this year (check with your accountant for more details).  

In order to be eligible to receive this credit you must be a first time home buyer, purchase a home before December 31, 2009 and remain in possession of the house for at lease three years (or else you may owe the money back).  

If you are a first time home buyer looking to purchase a home contact Steven Decker, Staten Island real estate lawyer, to discuss your purchase and get you started on your way to owning your first home.

Steven Decker helps new buyers close on the home everyday.  For more information contact Steven Decker at 718-979-4300 or sdecker@dddilaw.com.