Home Buyer Extension

Have your heard?

The $8,000 credit was scheduled to lapse on Dec. 1
but will now be in effect till the end of June 2010.

All homebuyers must sign a contract before April 30 and close by June 30.

The income limits were also raised:
Single buyers can now earn up to $125,000
and still get the full credit while a married couple can earn $225,000.
First-time buyers --
those who have not
owned a home in the past three years --
still qualify for an $8,000 rebate.

Great new addition!
Those that want to trade up can also qualify.
Those who have owned and occupied a residence
for at least five years out of the past eight
can claim a $6,500 tax credit if
they close on a purchase by the end of June 2010.

You should consult with your tax advisor for all tax questions.
ERA Tucker Associates, Inc.
8 College Avenue * Nanuet, NY 10954
845-623-5200