Tax Credit extended for Builders

45L Tax CreditIn classic Federal Government fashion, the Tax Credit for new homes did get extended and made retroactive for homes built in 2017.  Most of the industry experts were predicting a bleak future of the Tax Credit under the current administration.  It is not currently extended for 2018 and there is no word on whether or not it will.  I would say there is a pretty good chance it will but, will probably be retroactive like it was for 2017.  Unfortunately that makes it more challenging for builders, because they have to make a decision to go for it prior to knowing if it will get extended.

We will continue to update our website with any new information.  If you want more information on the tax credit specifically, please call us or visit this LINK.

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