Is The 30% Tax Credit Incuded For New Construction?

[Todd]

I heard it wasn't? Seems kind a dumb?

 

[wendell]

What the h**l are you asking us for? You're the professional!! ;-)

 

[daryl]

No only existing homes. but you can save 30 % on a geo thermal or wind or solar.

 

[Todd]

Hah, I'm far from a professional! I just think it makes no sense, why wouldn't you encourage people building new homes another tax break to help out the struggling housing market?

 

[BrotherBart]

Hah, I'm far from a professional! I just think it makes no sense, why wouldn't you encourage people building new homes another tax break to help out the struggling housing market?

Because they want to burn down the existing houses to reduce the unsold inventory?

 

[stoveguy2esw]

do you not already get a tax break for building the new house anyway?

 

[Todd]

do you not already get a tax break for building the new house anyway?

I think it's only for first time buyers, $8000?

 

[stoveguy2esw]

i thought they recently opened that up to all homebuyers except those buying a second home or a "for rental" type home