Economic Stimulus Package $8000 FTHBTC tax credit

By
Real Estate Agent with Keller Williams Realty Augusta Partners GA#320904; SC#71251

There is a lot of confusion on this topic and I was really unsure how this this new STIMULUS affected my clients that closed in 3/4 QTR '08 and already filed their 2008 income taxes. Now I see that home buyers in this situation may file an amended 2008 tax return with a 1040X form and they should consult with a tax advisor to ensure they file this return properly. ****HR 3221 was a homerun but HR 1 is a grandslam. This FAQ on this IRS link will provide clarity. 

http://www.federalhousingtaxcredit.com/

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augusta real estate
housing rescue plan
president obamas economic stimulus package
8000 fthbtc tax credit
fort gordon housing

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Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Great Link...thanks I will be sharing this good news and link with my clients.

Feb 21, 2009 11:34 PM #1
Rainer
132,369
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Hi Tye - Thank you for the link.  I've placed this link on the landing page of my web site.  It looks like a great resource for buyers who qualify.

Feb 22, 2009 01:20 AM #2
Rainer
62,515
Tye Caldwell & Associates
Keller Williams Realty Augusta Partners - Evans, GA
Sells Augusta, Columbia Cty, Ft Gordon Real Estate

Vanessa and Jon you're welcome. Jon good idea, I may do the same.  In case you hadn't seen it yet this pdf file from NAR outlines the major changes between the tax credits in the two bills. 

http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credit_chart_021308.pdf?MOD=AJPERES&CACHEID=b32db1004d05f6338052c5fd73e5610f

 

Feb 23, 2009 04:07 AM #3
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Rainer
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Tye Caldwell & Associates

Sells Augusta, Columbia Cty, Ft Gordon Real Estate
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