Posts Tagged ‘6500 tax credit current homeowners’
6500 Tax Credit Current Homeowners
May 16th, 2011Question: where do current homeowners take the $6500.00 tax credit ?
Answer: Line 67 with form 5406!
The Clean Energy Recovery: Creating Jobs, Building New Industries and Saving Money
Posted in Homeowner Tax Credits | 
Tags: 6500 tax credit current homeowners, buyer, credit, home, homebuyer, tax, tax-credit | 
No Comments »Tax Credit Current Homeowners
July 23rd, 2010
Question: regarding the 6,500 tax credit for homeowners.?
We purchased our home in July of 2006. We sold our previous home in which we lived for 7 years. Not sure if our current home would qualify, or if the purchase had to be this year.
Do we qualify for the 6,500 credit? We know we do under the income guidelines.
Thanks.
Answer: Let’s say you buy a house today, 12/2/2009. The lookback period for the 8 years is 12/2/2001 to 12/2/2009. To get 5 years, you need to see the previous house no earlier than 12/2/2006 *and* have rented for the intermediate 3 years.
You sold in July and you weren’t renting.
No, you do not qualify.
Tax-credit extension will help out some
July 08–MANATEE — A recent three-month extension of a homebuyer tax-credit deadline will help seal some delayed deals but otherwise will have little impact on the local housing market, area real-estate agents say.
$6500 Tax Credit for Current Homeowners