2009 Irs Credits
April 23rd, 2009
Question: When will the IRS recognize the $8000 tax credit for 2009 first time home buyers?
I was told by two tax consultants that the IRS does not recoginize it at this time and that is why tax softwares are not recognizing the credit, but that they will recognize it at some point in the future.
Thanks for that first answer, but I’ve been told by a couple tax consultants that that is not true. It does apply to the 2008 taxes if you choose.
Answer: Per the IRS announcement http://www.irs.gov/newsroom/article/0,,id=204672,00.html
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The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.
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Teachers, district reach agreement
After rejecting a contract for the first time in 40 years and working without a contract for months, Bellevue Public Schools and teachers agreed to a 4 percent compensation increase for the 2009-10 school year.
Recovery: New Homebuyer Credit – December 2009 (ASL, Captions & Voice Over)
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