The Federal Tax Credits Blog

Question: 2009 house credit for 8000, do I get a check from the IRS for the 8000 when I file my taxes?

I have a regular job so the IRS will already probably send me back like 2000, so do they just add the 8000 onto the 2000 they are going to send me?

Answer: NOT just added in, you amend your 2008 return or wait until filing 2009 return, along with 5405 and copy of HUD-1. IRS has to verify all these refundable credits, so it takes 12-18 weeks processing before you get refund check.

PUT ALL the money into your house. Put most or all of it as extra principal payment, which will GREATLY reduce amount of interest you pay over the life of the loan and boost your ownership interest in your new home. Put the rest into house in improvements or repairs.

Homebuyer tax credit: the scam of the century?

A tax incentive to buy homes helped realtors and mortgage bankers, not homebuyers trapped by the declining housing market.

Tax Credit for First Time Home Buyers – Down Payment Assistance – RealEstateMarketingThisWeek.com

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