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Buy a home by June 30, and still cut ’09 taxes

by on
in Leaders & Managers,Management Training,Small Business Tax,Small Business Tax Deduction Strategies

Thanks to a new law change, longtime homeowners can now get a piece of the homebuyer credit pie. But you have to move fast if you plan to buy a new home. To qualify, you must complete the purchase before May 1, 2010. If you secure a binding contract before May 1, you have until June 30, 2010, to finalize the sale. Best of all, you can claim the credit on your 2009 return—even if you buy the home in 2010.

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