Profile picture for DavidG

Zillow.com

Phone: (206) 470-7168

Website: This is it.

Profile picture for Stan Humphries

Stan Humphries's Q&A

Questions and answers are sorted newest to oldest.

  • Questions (0)
  • Answers (1)
  • Best Answers (0)
  • Helpful (1)

Stan Humphries wrote:

 

Increased income limit for $8000 first time credit becomes effective immediately or Dec 1st?

Answer
From a couple sources I've noted below, my read of the legislation is that the sale and purchase, generally completed at the time of closing on the purchase, must be after November 6, 2009 and on or before April 30, 2010 (or by June 30, 2010, provided a binding sales contract was in force by April 30, 2010).Also, make sure that you and your home meet the other qualifications for the tax credit.  Full guidelines are also available in the IRS link below. Hope this helps. IRS info site NAHB info site 
November 09
(0)
 
pageName