The Federal Tax Credits Blog

Question: I have recently heard that you can file for the 8000 dollar tax credit and hold the money even if you have?

not purchased a home? Is that true? Is there a way for me to apply and hold the money for a down payment in the future? If there is how do I go about doing that

Answer: No, not even close. You could be prosecuted for tax fraud if you apply for the credit and didn’t buy a house.

Harney: Be wary of reverse mortgages

WASHINGTON — If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed earlier this month by the federal regulatory agencies for financial institutions.

Texas First Time Home Buyer Tax Credit

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