Monday Apr 13, 2009

It’s Tax Time! Get Your $8K First-Time Home Buyer Tax Credit Form Here

April 15 is just two days away and you know what that means… taxes are due! Anyone eligible for the First-Time Home Buyer Tax Credit under the new economic stimulus bill can find the form you need right here. If you bought your home after January 1, 2009 and you qualify, the credit can be claimed on 2008’s taxes. Get up to $8,000 back!


The credit is for 10% of your home’s purchase price, up to $8,000 and is available to both first-time home buyers and those who have not previously owned a primary residence for three years or more. Want to find out if you qualify for the tax credit? Click here to see a quick reference chart on the details.


The tax credit is offered through December 1, 2009. So if you’re in the process of buying a home or plan to purchase before November 30, you can claim the credit on next year’s taxes.

Comments:

I heard that if you have used the tax credit once, and then rent for 3 years you can use this credit again on another purchase. Is this correct?

Posted by Chicago Blogger on April 29, 2009 at 11:15 AM CDT #

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