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Answers (9)
- Mary Papageorge, "Mary Papageorge"
- Contributions:10
The $8,000 tax credit is up to 10% of the purchase price, so in order to qualify for the total of $8,000 the purchase price would need to be $80K or higher. There is a form you fill out after you close to receive the credit on your taxes when they are paid for the year 2009. There are also restrictions depending on income level. The home does need to be purchased by 11/30/09 in order to qualify. Remember, if you owe the gov't any money - then the credit will be taken to help offset any due. It's not as if they are turning around and just giving you the $8,000 - it all depends on taxes.
- Tom Spaniel, "Tom Spaniel"
- Contributions:24
I'm heading to a training on how to use the $800 credit for closing costs AND downpayment. I will have all your options tomorrow the 9th of July.
- Lynda Mckenzie, "Lynda Mckenzie"
- Contributions:161
Revised $8,000 tax credit information
Another helpful site. There are many other contributors on the topic but you will be directed first to my site. I hope you find the information informative.
Another helpful site. There are many other contributors on the topic but you will be directed first to my site. I hope you find the information informative.
- Lynda Mckenzie, "Lynda Mckenzie"
- Contributions:161
- Naoma Doriguzzi, "Naoma Doriguzzi"
- Contributions:41
Here is some information on the 8000 tax credit
The form to submit with your tax return is the 5405 first time homebuyer credit.
The form to submit with your tax return is the 5405 first time homebuyer credit.
- Michael Emery, "MikeEmery"
- Contributions:7307
Or you can go straight to the horses mouth (IRS) for the info.
http://www.irs.gov/newsroom/article/0,,id=206291,00.html
http://www.irs.gov/newsroom/article/0,,id=206291,00.html
- Jeff Kessler, "TexasHomesBrokers"
- Contributions:75
Hi Malcolm.
Here is a link to all the info you should need.
Hope this helps.
J.
http://www.centraltexashomerebates.com/html/_8000_home_credit.html
Here is a link to all the info you should need.
Hope this helps.
J.
http://www.centraltexashomerebates.com/html/_8000_home_credit.html
First time homebuyer $8,000 credit/rebate?
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