Stimulas Package Home Owner Tax Incentives

Created Monday, 06 April 2009 16:02

More complete information may be obtained from the National Assocation of Home Builders.
First-Time Homebuyers *

You could get a tax credit of up to $8000 on this year’s tax return or next year’s return. The stimulus package offers a tax credit equal to 10% of the purchase price of your first home up to an $80,000 home purchase price. This applies to homes purchased between January 1, 2009 and Dec 1, 2009.

Unlike last year’s tax credit you don’t even have to pay it back, unless you sell the home within 3 years.

Energy Savers
All homeowners can take advantage of a 30% tax credit up to a maximum of $1500 for energy saving improvements like:
Energy Star water heaters, AC and Heat units
Biomass stoves
Increased insulation
Energy efficient doors and windows

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