Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?

The deadline is December 1st, 2009 as of now. They may extend it in the future but for right now its December 1st, 2009.





One key thing that people are leaving out is this. You must CLOSE on the home by the deadline. So if you put in an offer on November 25th, it gets accepted on the 25th, and you close on December 2nd, you will not get the credit.





Also, the tax credit is 10% of the homes purchase price up to a maximum of $8000. There are also income guidelines that are covered in another answer to your question.Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
http://www.federalhousingtaxcredit.com/





';A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. ';Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
First-time homebuyers who purchase a home between 12/31/08 and 12/1/09. Phaseout starts at $75k/$150k and ends at $95k/$170k.





When you file your 2008 or 2009 tax returns, make sure you claim the maximum benefit under this provision. Individuals who purchased a home in 2009 and already filed a 2008 return claiming a $7,500 credit based on prior law should amend their return to claim the balance of the credit (up to $500).


Christine EA Master Tax Advisor





This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.





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http://www.housingmarketfacts.com/8000