Home Buyer Credit Tax

Question: What does the 1st time home buyer tax credit / stimulus mean for us?
Your Question
how does the 1st time home Buyers Tax Credit work in our case.?
House closed November,2008 has my name then my son’s name on deed. He bought one from my daughter earlier in the year. this was his 1st. I had not owned 1 for years. I’m on disability and don’t file taxes, of course my son does.Answer: Be sure to go directly to the IRS site, and talk to an accountant:
http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Here’s a good summary:
http://www.hawaiihome.biz/2009/05/first-time-homebuyer-tax-credit-faqs/
http://www.hawaiihome.biz/2009/05/first-time-home-buyers-tax-credit-2009/
Email me if you have questions.
No Break In Home Market’s Woes Despite Tax Credit
More than 3 million Americans have taken advantage of a generous tax credit for home buyers. But it may have had only a limited positive effect on sales. Some experts even say the tax break didn’t help things at all and might have done some harm. read more
First Time Home Buyer Tax Credit – Austin’s Top Real Estate Agent