Comments on: First Time Home Buyer Tax Credit

By: Tax Deductions - Last Minute Tax Saving Tips | Money Smart Life

Tax Deductions - Last Minute Tax Saving Tips | Money Smart Life — Sat, 11 Apr 2009 16:09:10 +0000

[...] First Time Home Buyer Tax Credit [...]

By: Philip

Philip — Mon, 06 Apr 2009 19:53:20 +0000

Would this $8,000. tax credit be applicable to a person who purchases a boat, that has never owned a home?

By: Todd

Todd — Sun, 29 Mar 2009 22:01:19 +0000

My question is the same as Tamara? Why April 8? We closed on 2/14/08. January 1, 2008 seems like a more logical date. But, of course, stupid me for applying logic to anything Congress does.

By: tamara

tamara — Thu, 26 Mar 2009 12:23:36 +0000

I have a question about this first time home buyer credit. I bought my house January 17th 2008 and don’t qualify for this credit. What was the point of starting the credit in April rather than January?

By: Carnival of Personal Finance #197 | American Consumer News

Carnival of Personal Finance #197 | American Consumer News — Tue, 24 Mar 2009 13:38:37 +0000

[...] Money Smart Life goes over the first time home buyers tax credit. [...]

By: » Personal Finance Links: Levity edition

» Personal Finance Links: Levity edition — Mon, 23 Mar 2009 17:08:38 +0000

[...] Money Smart Life writes first time home buyer tax credit. [...]

By: Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance

Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance — Mon, 23 Mar 2009 02:18:04 +0000

[...] Money Smart Life goes over the first time home buyers tax credit. [...]

By: Alternative Minimum Tax and Federal Income Tax Withholding Changes | Money Smart Life

Fri, 20 Mar 2009 12:27:36 +0000

[...] all the tax code changes? That’s a question a reader emailed in after reading about the First Time Home Buyer Credit and other tax deduction changes we covered the last two [...]

By: Carrie

Carrie — Fri, 20 Mar 2009 12:10:38 +0000

If you bought a house in 2009 you can also claim this on your 2008 taxes (or if you buy one later this year you can amend your 2008 return). The terms for 2009 are much different though. The credit is equal to 10 percent of up to $80,000 of the purchase price, so many people will get an $8,000 credit that does NOT have to be paid back, unlike the 2008 credit that does have to be paid back. The IRS form specifically asks if you bought your house in 2008 or 2009 and says how to handle each year.

By: Tax Deductions and Personal Exemptions for 2008 | Money Smart Life

Tax Deductions and Personal Exemptions for 2008 | Money Smart Life — Thu, 19 Mar 2009 13:34:58 +0000

[...] you can count on is that the tax rules will change every year. Yesterday we looked at the first time home buyer tax credit and differences in the tax brackets for 2008. Today we’ll cover changes in [...]