The Federal Tax Credits Blog

Posts Tagged ‘home’

Question: my wife and i have owned our home since 2004 and refinanced in 2006 do i qualify for the tax credit?

Answer: Yes, if you sell it and buy another you are entitled to up to 6500.

Home Loan First time Home Buyer Broken Arrow OK Refinance Rates

Question: 2008 Tax Credit to aid first-time homebuyers:?

In early 2008, I purchased a home and was able to receive a credit of $7,500.00 at tax time to be paid back over 15 years, interest-free. Now this question will be open for a while… The question is this: Can the 2008 Home Buyers Tax Credit be refunded by any means? I mean don’t get me wrong, I certainly appreciate this credit (which has allowed me to stay in my home through tough times), but wish I would have been so lucky to have purchased by first home in 2009 where the EIGHT GRAND is free money; fully forgiven:

So if you have any advice of any way to see if this credit can be changed, your answer would be much appreciated.

Answer: As of now, the 2008 credit has not changed.

You still have to pay it back over 15 years beginning with your 2010 tax return.

Harper’s First-Time Home Buyer Plan is Garbage

Question: Does anyone here private rent from a relative and recieve housing benefit?

My friend has children and her partner works full time but has a low income so they recieve top ups with tax credits and are entitled to some help with rent and council tax, she will be moving in to her father in law’s house in a couple of months as it is a better area than where she is now and her father in law is moving away. I asked on here before if you allowed to get housing benefit when renting from a relative and everyone said no, but my friend phoned the council and asked and they said that you can rent from a relative providing you give them proof you are really paying them rent and living there. Is this correct or did they make a mistake as she doesn’t want to move in and find she can not get the housing benefit as she can not afford the rent otherwise. She lives in kent/london boarder. Thanks.

Answer: I get rent from a council and my brother and his wife are in the house. I get the rent paid direct from the council. The council know my relationship and there has never been any problem with this. My brother should also pay me rent but I let this go and the council don’t check up or don’t bother. This has been my situation for a few years.

I am sorry to tell you that some answerers on here guess the answer.

Card Scams, Frauds & 24 7 Protests for Months – All For the Same Cause – Part 3

replacing windows Houston , Before and after

Question: $8000 tax credit answers?

I bought a house in march 2010, and just got my taxes done and got the 8000 dollar credit. then today, somebody told me i may have to pay that back next year!! is that true? he compaired it to the tax credit you get from buying a new AC unit and that sometimes, they ask you to pay that back the following year. any ideas or inputs? i would really appreciate it.

Answer: As long as you stay in the house for 3 years and continue to use it as a primary residence, you have NOTHING to worry about. Once again, what “somebody” tells you is 100% incorrect.

One Hour Heating & Air Conditioning – HVAC: 7 Steps To HVAC Repair – Lancaster Pennsylvania