NJ Tax Credit for 2010
If you are not aware of it yet, New Jersey Assembly passed a tax credit bill in May for new homeowners. New homeowners purchasing a home in 2010 will be eligible for a tax credit worth either $15,000.00 or 5% of the purchase price, whichever is less. This will be spread over a 3 year period on a first come first serve basis and comes after the $8000/$6500 tax credit which expired on April 30th. NO YOU CAN NOT GET BOTH.
Unfortunately, I do not know the specifics at this time and we still have to wait for the Senate and Gov to pass the bill so stay tuned.
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