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Tax Credit Payment Dates

Tax Credit Payment Dates

Question: Question about the $7500.00 Tax credit for first time home buyers.?

I’m a First time home buyer and I have a question about the tax credit. I know I’m grasping here but I figured it was worth a shot. I closed on my home in March 2008 but was not required to make the first payment until May 2008. I know you must have made your purchase between April 2008 and June 2009. Is purchase date the day you closed or when you made your fist payment. I know what I want the answer to be but probably isn’t. Thanks!




Answer: Answer is when you first had occupancy of your house, which is usually the day you closed, unless you can prove that you did not move in until after April 9th (show a rentback agreement or a clause in th e contract from a builder). Sorry, it is not the first payment date.

Briefly: March 31

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