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Tagged : 000 Tax Credit

There are currently 1 blog entries matching this tag.

$8,000 First-time Homebuyers Tax Credit Expiring Soon!

Tuesday, September 1st, 2009 at 3:10pm. 341 Views, 0 Comments.

dollarsignsDon't forget that the $8,000 Home Buyer Tax Credit expires on December 1st, 2009!  This means that you will have to have closed on your property by that November 30th, NO EXCEPTIONS.  I would not wait until the last minute.  Closings are often delayed, and especially short sales (which I am hesitant to even recommend at this point- you may not have enough time) will be delayed.

Once again, here is a breakdown of the $8,000 First-Time Home Buyer Tax Credit:

  • You must be a first-time home buyer.  This means you must not have owned a principal residence within the last 3 years.  What if I've never purchased a home, but my wife has?  For married tax payers, both you and your spouse must be first-time homebuyers.  For those that are unmarried joint purchases,…

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