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Missed First Time Home Owner Tax Credit by 1 Week?!!?!?

I closed on my place on October 26, 2009. The new legislation for the First Time Home Owner Tax Credit went into affect on November 7th, 2009.  Because the Income Limits were raised and were in affect from November 7th forward, I don't get the credit because I closed 1 week early.  You could have bought a home in 2008 and received it, but not me who makes 5k more than the first income limit.  Every other piece of that legislation was retroactive, but not that.

Now I am screwed on my taxes instead of getting a nice return. VERY FRUSTRATING.
  • February 20 2010 - New York
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Answers (1)

You are not alone with your frustration!
  • February 20 2010
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