First Time Homebuyers Tax Credit Ends December 31st, 2009
One of my clients reported back to me about his tax credit results. Needless to say, the stimulus package is working for him!
"By the way, I got the $8,000 first time homebuyer credit. You can elect to apply the credit to either your 2008 or 2009 tax return, and although my 2009 AGI will be too high, my 2008 AGI was much lower. So I filed an amendment to my 2008 return and qualified for the max credit. I just got a letter from the IRS saying to expect a check within the next 2 weeks."
and then... "I actually got the check (with interest no less)"
To find out more about the first time buyer's tax credit check the IRS site.
Tax Credit info:
"By the way, I got the $8,000 first time homebuyer credit. You can elect to apply the credit to either your 2008 or 2009 tax return, and although my 2009 AGI will be too high, my 2008 AGI was much lower. So I filed an amendment to my 2008 return and qualified for the max credit. I just got a letter from the IRS saying to expect a check within the next 2 weeks."
and then... "I actually got the check (with interest no less)"
To find out more about the first time buyer's tax credit check the IRS site.
Tax Credit info:
There's a link to the form 5405 near the top of this page (notice item C on the form).
The last paragraph on this page mentions the 2008 option and has a link to more info.
