|
Posted by Chris Ruehrwein on August 28, 2008, 10:22 am
Please log in for more thread options
Is there any kind of credit other than deducting your interest, points,
taxes for a first time home buyer?
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
|
|
Posted by Paul Thomas, CPA on August 28, 2008, 11:22 am
Please log in for more thread options
> Is there any kind of credit other than deducting your
> interest, points, taxes for a first time home buyer?
Not for 2007 tax returns.
To learn about the home buyer tax credit
ONLY FOR HOMES BOUGHT BETWEEN
APRIL 9th, 2008 AND JULY 1st, 2009
go here: http://www.federalhousingtaxcredit.com/
There are restrictions, exceptions, exemptions, and exclusions, including a
payback over 15 years, so pay attention to the details.
"April 9th"? Anyone suspect that some Congresscritters son-in-law bought a
house on the 10th?
--
Paul A. Thomas, CPA
Watkinsville, Georgia
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
|
|
Posted by Paultry on August 28, 2008, 11:37 am
Please log in for more thread options
Chris Ruehrwein wrote:
> Is there any kind of credit other than deducting your interest, points,
> taxes for a first time home buyer?
>
The (up to) 20% Mortgage Credit Certificate program is a
good deal for first time home buyers who qualify based on
income and location.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
|
| Similar Threads | Posted | | First time Home buyer | September 3, 2008, 10:54 am |
| Home buyer - abroad | January 7, 2007, 10:51 pm |
| Life time education credit on real estate tuition fee | September 25, 2007, 11:58 pm |
| Dependent? Son age 24, military discharged, living at home, full-time student | April 2, 2007, 5:58 pm |
| Advantages of having mutual fund company withhold taxes for first-time home purchase distribution? | March 20, 2007, 3:05 pm |
| Energy Star Home credit | October 27, 2006, 10:55 pm |
| home line of credit - interest deduction | March 28, 2008, 3:39 pm |
| Claim home warranty, alarm system, or credit card interest? | March 26, 2008, 12:18 pm |
| Form 1099-Int--Buyer or Seller file it? | January 16, 2008, 4:05 pm |
| Rebate of real estate commission to buyer. Is it taxable or not? | June 12, 2007, 1:07 am |
|
|
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap