Home Tax Credit 2009 Extension
July 26th, 2008
Question: First time home buyer trying to get tax credit?
I am a first time home buyer who closed in July 2009. I am filing single and on track to make roughly $90,000 this year. I know last week Obama signed the extension of this program which also raised the income limit for single filers to $125,000 from the previous $75,000. My question is will this apply to me since I closed before this new bill went into affect. I’ve gotten mixed answers and want to know my options.
Answer: Nope, the new extension ONLY applies to closed home sales AFTER 11/30/09. Extensions EXTEND things FORWARD, not backwards.
Tax credit hits mark with buyers, but some experts argue it won’t revive market
Donna and Chuck August weren’t expecting a tax break when they decided to sell their Mahwah town house and buy a ranch in the same town.
1st Time Home Buyer Tax Credit Extension
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