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How long does it take to receive First time home buyers tax credit?
Wiki User
∙ 14y ago
someone told me 5 weeks but I also heard 8-14weeks but i think they say that to buy themselfs time. Im waiting for mine now and its been 3 weeks now.
Wiki User
∙ 14y ago
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What is first time home buyers credit?
First time home buyer's credit will not prevent you from getting a home loan. This credit is intended to help first time home buyers. You can check with your lending company to get more information.
Is there a first time home buyers credit?
You can find information regarding first time home buyers credit at the following website...www.irs.gov/newsroom/article/0,,id=186831,00.html or www.zillow.com/.../is-first-time-homebuyer...credit.../436914/
What are the important details on 8000 tax credit for first time home buyers?
Some important facts of $8,000 tax credit for first time home buyers are: # It is a true tax credit to home buyers, not a loan as initially devised. # It is only for "first time" home buyers who haven't owned real estate in the last 3 years. # It is capped at 10% of the purchase price. # The buyer must remain in the home for the minimum of 3 years. # It is applicable for first time buyers that buy or have bought between 1/1/2009 and 12/1/2009. # Full credit is available to those making $75,000 or less or $150,000 for joint filers.
Do first time house buyers still get a tax credit from the government on their federal income tax return?
First time house buyers do still get a tax credit from the government on their federal income tax return. This is a very nice tax credit that helps thousands of new home buyers every year.
How does someone qualify for the home buyers credit?
The first time home buyers credit is available to people who purchased their home from 2008-2010. You could not previously have owned a home in the three years before the closing date on your new house. If you owned a home previously, but sold it before the three year deadline, you are still a candidate.
What is first time home buyers credit?
First time home buyer's credit will not prevent you from getting a home loan. This credit is intended to help first time home buyers. You can check with your lending company to get more information.
Is there still a tax credit available to first time home buyers?
Yes. The first time home buyers tax credit has been extended through May 1, 2010. According to irs.gov if a home is under contract by May 1, 2010 and closed on by July 1, 2010 the first time buyer will receive an $8,000 tax credit.
Are there rebates available for first time home buyers?
There is currently an $8000 tax credit to those who purchased a new house in 2009. However, this tax credit only applies to new home buyers, previous home buyers will not qualify for this credit.
Is there a first time home buyers credit?
You can find information regarding first time home buyers credit at the following website...www.irs.gov/newsroom/article/0,,id=186831,00.html or www.zillow.com/.../is-first-time-homebuyer...credit.../436914/
What is the amount of the first time home credit for a first time home buyer?
First time home buyers get a $8,000 tax credit for a home contract signed by April 30, 2010 (completed no later than June 30, 2010). Repeat buyers get a $6,500 tax credit.
Do first time home buyers receive any tax credits?
Yes, there is an $8,000 tax credit for first time home owners, provided the qualify. This would be found out as they go through the loan process.
Is there a tax credit for first time home buyers?
Yes. There is a first-time home buyer credit of up to $8000 until 4/30/2010.
What are the important details on 8000 tax credit for first time home buyers?
Some important facts of $8,000 tax credit for first time home buyers are: # It is a true tax credit to home buyers, not a loan as initially devised. # It is only for "first time" home buyers who haven't owned real estate in the last 3 years. # It is capped at 10% of the purchase price. # The buyer must remain in the home for the minimum of 3 years. # It is applicable for first time buyers that buy or have bought between 1/1/2009 and 12/1/2009. # Full credit is available to those making $75,000 or less or $150,000 for joint filers.
Is there a stipulation with first time home-buyers credit that you have stay in your home for 3 years If you don't do you have to pay it back?
It is prorated.
Do first time house buyers still get a tax credit from the government on their federal income tax return?
First time house buyers do still get a tax credit from the government on their federal income tax return. This is a very nice tax credit that helps thousands of new home buyers every year.
Do you have to claim the 8000 first time home buyers tax credit as income on your next tax filing?
No.
How much is the first time home buyer tax credit?
For first time home buyers you can get up to 8,000 dollars back. However this amount is based on a percentage of the total value of your house. For more info on the first time home buyers credit check the irs website out: http://www.irs.gov/newsroom/article/0,,id=204671,00.html.
