Are there any tax breaks for NY residents who buy a brand new home? I live in Long Island and I had my eye on this brand new house they are building in the neighborhood and was wondering if I can get any tax breaks if I purchased it. For example, for installing energy efficient windows,doors, heating equip, or using energy efficient insulation, etc.
Well, since none of the pros have answered, let me give this a try. While there are various credits for installing energy-efficient windows, insulation and perhaps appliances, such as furnaces and air conditioners, I don't think they are any different for new homes than improvements added to existing homes. I haven't researched the NYS tax web site, but after filling our my NY tax return do know there are various energy efficiency related tax credits.
-- Vic Roberts Replace xxx with vdr in e-mail address.
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