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Federal and State of Kentucky Home
Purchasing Tax Credit Program
The Worker, Homeownership, and
Business Assistance Act of 2009 has
extended the tax credit of up to
$8,000 for qualified first-time home
buyers purchasing a principal
residence. The tax credit now
applies to sales occurring on or
after January 1, 2009 and on or
before April 30, 2010. However, in
cases where a binding sales contract
is signed by April 30, 2010, a home
purchase completed by June 30, 2010
will qualify.
Sources and more Details:
Federal Home buyer Tax Credit
Website
Federal Tax Credit Fact Sheet from
NAHB
As another option The purchase of a
newly constructed home may be
eligible for a state tax credit in
upwards of $5,000 noted on your
Kentucky Tax return. Expires July
25, 2010
Sources and Details:
Kentucky Department of Revenue
Here
is a list of several Tax Credits to
consider
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