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$8,000 FIRST TIME BUYER TAX CREDIT - CHECK RECEIVED !!!!

Reblogger
Real Estate Broker/Owner with Missy Caulk TEAM

 

Ann Arbor buyers here is proof the $8000.00 tax credit is working. Wouldn't you love to share your rebate check?

Begin your home search in Ann Arbor here.

Thanks Sheldon, a Rockin Realtor in N. J. for allowing the re-blog.

 

Original content by Sheldon Neal

 

 

 

This is an actual check from one of my First Time Buyers who bought a home last month, and immediately filed his 2008 tax return - which he had already filed an extension for - and this week received the above check !

 

... before his home purchase, his return was going to give him a refund of approximately $4,000 !!!! ... as you can see, he qualified for the tax credit, and received $8,000 additional dollars from the government for buying his home.

 

@@@ FOR FURTHER INFORMATION - BE SURE TO CONSULT YOUR ACCOUNTANT TO SEE IF YOU CAN RECEIVE THIS YOURSELF @@@

 

Per the IRS.gov website, you may qualify to receive this credit if you meet the following qualifications:

"... qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.

The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.

For purposes of the credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own any other main home during the three-year period ending on the date of purchase."

 The credit itself:

  • Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
  • Applies only to homes used as a taxpayer's principal residence.
  • Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

 

So if you were considering buying a home this year - be sure to talk to your accountant as you may also qualify to get $8,000 extra dollars for buying your first home !

 

ALSO: Be sure to check out a post  from respected Loan Officer Jeff Belonger explaining how you may be able to receive an 'up front loan' for this credit to use towards closing costs or additional downpayment over your mandatory 3.5% payment on your FHA loan !

@@@PLEASE NOTE: ALL INFORMATION ABOVE DEEMED RELIABLE PER THE IRS.GOV WEBSITE, HOWEVER IS SUBJECT TO CHANGE AT ANY POINT ON ANY DAY ! - CONSULT YOUR TAX ACCOUNTANT BEFORE EXPECTING ANY PORTION OF THIS CREDIT.

@@@@ UPDATED: BELOW IS THE FORM NEEDED TO FILE FOR THIS CREDIT IF YOU QUALIFY - YOUR ACCOUNTANT SHOULD HAVE IT AND WALK YOU THOUGH IT ! GOOD LUCK !

Posted by

 

Missy Caulk, Ann Arbor Realtor

Missy Caulk, Broker/Owner of Savvy Realty Group can be reached at 734-926-9797 or email: Missy@MissyCaulk.com

Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.

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Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk

 

Comments (17)

South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX

Missy, thanks for reblogging this.. I missed it the first time.  What a wonderful reminder to new home buyers..  yes it is real.. REAL MONEY FROM THE TREASURY OF THE USA.  Get that home bought before the end of this great incentive.  Nov 30, 2009!

Jun 01, 2009 12:40 AM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Wow, that's quite a check.  Thanks for also posting this form 5405.  Seeing this makes it very real!!

Jun 01, 2009 12:47 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

That's quite a healthy check.  I like to see that this stuff is real and your photocopies are motivation enough for fencesitters.  Good stuff M.

Jun 01, 2009 01:09 AM
Mark MacKenzie
Phoenix, AZ

What a fantastic post.  Seeing $8,000 written is one thing, seeing a check for it is something completely different.  You can taste it. :)

Jun 01, 2009 01:26 AM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Hi Missy - I'm with Gail - missed Sheldon's post over the week-end - thanks for re-posting!  This one put a great big smile on my face this morning!  Very very cool.

Jun 01, 2009 02:26 AM
Ken Tracy
Coldwell Banker Residential - Naperville, IL
Helping clients buy and sell since 2005

Hi Missy.  I am thinking of reposting your repost!:)

Great news.  I feel an energy out there with buyers.  Some values being purchased.

The tax credit helps...

Thanks for writing,

Ken

Jun 01, 2009 04:21 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Very smart Missy.  Very smart indeed.

 

Jun 01, 2009 04:26 AM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate

Missy, My son has already received his check as well!  It is one thing to talk about it but another entirely to see it happen in person!

Jun 01, 2009 05:23 AM
Anonymous
Josh

Missy,

 

Just so you know, I received mine last week. I had already submitted my taxes in February, so I filed an amendment on Monday, March 31. I got the check almost two months to the day after my closing.

 

-Josh (@zigziggityzoo)

Jun 01, 2009 06:27 AM
#9
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Josh, yea.....how do you like homeownership?  Having fun mowing?

Jun 01, 2009 07:26 AM
Anonymous
Josh

Mowing is alright, I suppose! Lawn is looking better than when I moved in!

We have almost every room painted (two left!) and we're starting to get furniture now that we received our stimulus $$. 

Much better than apartment life!

-Josh (@zigziggityzoo)

Jun 01, 2009 07:33 AM
#11
Heather Fitzgerald
REALTY WORLD-Harbert Company, Inc. - Greenwood, IN
REALTOR Greenwood Indiana Real Estate

I love seeing hard proof from trusted sources.  Thank you for sharing this info with us!

Jun 01, 2009 08:25 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Missy, Wonderful re-blog.  I'm sure that check was a welcome sight for everyone involved!

Jun 01, 2009 10:23 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Wow that sure must be a great feeling to get a check in the mail like that. I can only dream:)

Jun 02, 2009 12:07 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Missy, I've been swamped and missed it too. Just shows why re-blogging IS a good idea. Love seeing the check. How motivating is that! :)

BTW, How did the job interview go?

Jun 02, 2009 08:41 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Great for re-blog Missy!  It is so wonderful seeing this come to fruition--can't wait to SEE a few of these from my clients too!

 

Debe in Charlotte

Jun 02, 2009 02:40 PM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Missy,

This puts a face on this tax credit rebate doesn't it. I bet you posted this one on localism:)

Jun 05, 2009 03:55 AM