8: More Information on the New 8,000 Tax Credit For First Time Home Buyers - 02/18/09 07:01 PM
The buzz this week has been the 8,000 tax credit for first time home buyers that does not need to be paid back.  We are still waiting to find out for sure if this can be claimed when you file in 2009, instead of 2010.  I am waiting to hear back from the president of our mortgage company as well as my own tax advisor.  I am told the software has not been updated yet at the tax offices.  Yet many are saying it can be done now.  I'd prefer to wait until we know for sure, than give someone the wrong information.
(9 comments)

8: New 8,000 Tax Credit For First time Home Buyers- No Repayment - 02/16/09 08:44 AM
The "American Recovery and Reinvestment Act of 2009," passed the House and Senate on Friday, February 13,2009(edited)The President did sign this bill on Feb. 17th.   The new bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. 
This credit does not require repayment as long as you stay in the home three years, or more.A first time home buyer is defined as someone who has not owned a property in the last three years.This credit can not be received … (41 comments)

 

Kristal Perrone

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Rochester, NY

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