Nov 6, 2009 . A. The first-time homebuyer credit is a tax credit for .

The $8000 tax credit is for first-time home buyers or those who have not owned a home in the past 3 years. A $6500 tax credit is also available for .

$8000 First Time Home Buyer Tax Credit Extended Until 6/30/2010 . to pay the credit back unless you sell your home within 3 years from the purchase date. .

Jul 24, 2009 . You are here: Home / Archives for $8000 tax credit . have not in the past three years, you can still qualify for this $8000 tax credit. .

First-time buyers or anyone who hasn't owned a home in the 3 years prior to a purchase of a primary residence may qualify for a tax credit of up to 10% of .

Feb 21, 2009 . Again, if you move before the three years are up, you will have to repay the . If you are applying for the 8000 tax credit there are a few .

Tip #3: Keep the Money! How the New Tax Credit is Different from 2008's . This year's tax credit is exactly that, a credit. The $8000 doesn't have to be .

Feb 17, 2009 . If you've already claimed last year's $7500 tax credit, then you won't be . . for 3 years to buy a house this summer, and now we get $8000! .

The $8000 first-time homebuyer tax credit is extended . For example, if you have not owned a home in the past three years but your spouse has owned a .

. last three years) with an $8000 tax credit (or 10% of the purchase price, . You still get a tax credit for $8000. So, for example, let's say your tax .

Feb 16, 2009 . CAN YOU GET THE TAX CREDIT IF YOU OWN A TRAILER THAT HAS BEEN PAID OFF FOR MORE THAN 3 YEARS.. CAN I GET THE $8000 CREDIT FOR FIRST TIME .

Oct 27, 2009 . $8000 First Time Home Buyer Tax Credit One of the key provisions of the $787 billion stimulus package passed by Congress early this year is .

If I claim my 2009 $8000 credit on my 2008 tax return, will I have to . If you claim the credit but then sell the property within 3 years of the date of .

The $8000 tax credit is available for first-time home buyers only (have not owned a home in 3 years). The $6500 tax credit is available for those who have .

Jun 11, 2009 . Does the 8000 tax credit have to be paid back if you refinance before 3 years? Options. Mark as New; Bookmark; Subscribe; Subscribe to RSS .

Mar 14, 2010 . New $8000 Tax Credit for First Time Buyers. . owned one in three years), this is too good to miss – it's a $8000 tax CREDIT (not deduction .

3 posts - 2 authors - Last post: Dec 29, 2010I wish to inform you that you have availed the $8000 tax credit in 2009. Now, if you sell the house within 3 years of ownership then you .

$8000 Tax Credit For First Time Home Buyers Who Buy Befor. . in the qualifying property for three years, you do not have to pay back the tax credit. www. .

One of the major provisions provides an $8000 tax credit to qualified First . have not owned a home in the last three years). $8000 tax credit highlights: .

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Information on buying a home with the $8000 Buyers Tax Credit. . who have not lived in a home they owned at any time during the past three (3) years, .

Apr 14, 2011 . Remember that fun little $8000 tax credit the government was handing out to boost our economy? Well, what if you can't stay in your home .

15 posts - 10 authors - Last post: Apr 28, 2009Is this the way the 8000 tax credit that passed is going to work? . retain the credit recapture if the house is sold within three years of .

Aug 3, 2009 . The $8000 tax credit is referred to as the American Recovery and . your primary residence for at least three years or the tax credit you .

Home Buyers Receive $8000 Tax Credit! . Anyone who has not owned a home within the last 3 years qualifies. If they sold a home 3 years ago, .

If you make less than $75000 (single) or $150000 (married) and have not owned a home in the last 3 years – you should qualify for the full $8000 tax credit .

Extended Details of the $8000 first time home buyer tax credit, and the $6500 . For example, if you have not owned a home in the past three years but your .

2 answers - Jul 28, 2010If you move out of the house then you have to repay the full $8000 in the year that you move out. If you sell the home you (including loss to .

The IRS is offering an $8000 First Time Home Buyer Tax Credit to qualified . past three years, could he qualify as a first-time homebuyer for the credit .

Feb 12, 2009 . The only problem is that for the 2008-2009 tax year i am claimed by my . . January 28th, 2010 at 3:41 pm. the 2009 $8000 tax credit that .

Aug 2, 2010 . $8000 Tax Credit Extended for Military . members who sell or move from a tax credit home within three years of the initial purchase due to .

Before getting too excited about the $8000 tax credit you should check your . You must own the home for 3 years or you will be facing recapture of the .

Feb 17, 2009 . The recently-signed stimulus package includes an $8000 incentive for eligible home buyers. . While the proposed $15000 home-buyer tax credit died in . Recapture: Buyers have to own the home for at least three years .

Mar 8, 2011 . tax break, provided by the Home Buyer Tax Credit Bill of 2009, . the tax credit home within 3 years of buying, the $8000 will not need to .

For unmarried joint purchases read my post on $8000 home buyer tax credit for unmarried joint purchases. Note the if you have bought a home 3 years ago and .

Feb 18, 2009 . My husband said we would have to pay back the $8000 if we divorce. . .. But a 15 year loan we would have never taken the tax credit. . . We rented the home we purchased for three years before we purchased it and this .

2. The tax credit may be applied to primary residences only. 3. The maximum allowable tax credit is 10% of the purchase price of the home up to $8000. .

3 posts - 2 authors - Last post: Oct 29, 2009The jury is out on whether the $8000 tax credit will be extended for . My husband has been in the Army now for almost 3 years now and his .

Tax credit to first home buyers a rule? To be eligible for the home owner, the past three years, there was no need to. People technically therefore a first .

Oct 29, 2009 . The proposed bill would extend the current $8000 tax credit for new . residence within the past three years from claiming the credit. .

Feb 24, 2009 . If you sell before 3 years you have to claim a prorated portion of the credit as . Added to queue 8000 Tax Credit - First Time Buyersby .

Feb 26, 2009 . UPDATE: The 8000 Tax Credit Has Been Extended and Expanded: $8000 First-time Home Buyer . They haven't owned house for more than 3 years. .

Jan 6, 2011 . Q. I bought my home in early 2009, before the new $8000 credit was . Form 5405 and its instructions will be revised for tax year 2009 to .

For the purpose of this tax credit, a first-time homebuyer is defined as .

Nov 6, 2009 . $8000 tax credit for first-time homebuyers extended for buyers who . main residence within three years would have to repay the credit. .

Oct 20, 2009 . The $8000 tax credit is a big part of what's going on - but it's not the . . Our parents, who worked in the auto industry for several years, . I am a divorced man who lives with 1 child and pays support for 3 others. .

Only first-time home buyers are eligible for the $8000 tax credit. This is defined as not owning a home over the past 3 years. Here are other qualifications .

Feb 17, 2009 . *If the home is sold within 3-years, the tax credit must be re-paid . UPDATE: $8000 Tax Credit Expanded, New Legislation Opens Tax Credit .

$8000 tax credit is only for the first time home buyers (IRS defines a first- time . must use their home as a principal residence for at least three years. .

Some important facts of $8000 tax credit for first time home buyers are: # It is a. . The buyer must remain in the home for the minimum of 3 years. .

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