More Good News About That $8000 Tax Credit
We’ve heard the news that first-time home buyers (defined as someone who has not owned a home in the last three years) will be eligible for an $8000 tax credit from the federal government if they buy their home between January 1 and December 1, 2009 (buy by November 30th). The home must cost at least $80,000 (so you get the 10% discount) and there are some income limits.
As if this isn’t enough, the news gets EVEN BETTER for these first time home buyers. You don’t have to wait until 2010 to file for the tax credit. Yes, you heard me right … YOU DON’T HAVE TO WAIT UNTIL 2010 TO FILE FOR THE TAX CREDIT.
If you buy a home, you can AMEND your 2008 return and receive the refund this year. You don’t need to wait until 2010 to file your 2009 tax return.
If you’re serious about buying a home this year, don’t think you have ot wait until the latter months to make it happen. Call your Realtor this week!
