Login .::. Contact Tom

Home Owner Year End Tax Planning Tips

  1. There are new credits of up to $8,000 for first time home buyers purchasing residences between before 6/30/10 (binding sales contracts must be in place before 4/30/10. The credit is refundable. Additionally, long time residents (five consecutive years) are eligible for a credit of $6,500 for new home purchases. Some income limits apply for all these credits.
  2. An energy credit of up to $1,500 is available for 2009 and 2010 and is based on 30% of the qualifying cost of improvements.