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If there are 2 purchasers on a home and only one is a first time home buyer can first time buyer get first time home buyer tax credit?
Yes
Does a land contract qualify a first time home buyer for the new tax credit?
Does a land contract qualify a first time home buyer for the new tax credit?
What is some advice for a first time home buyer to get tax credit from 2010?
In order to get the first time home buyer tax credit, you need to have closed on your home by October of 2010. If so, you can take the deduction on your taxes.
Is the first time home buyer credit still in effect and if so how for how long?
Yes, the first time home buyer's credit is still available, and will be so until April 2010 (http://www.federalhousingtaxcredit.com/).
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 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 is the process for first time home buyers to repay the home buyer credit?
First-time home buyers repay the home buyer credit by including the repayment amount on their tax returns over a 15-year period. This repayment process starts two years after the home is purchased.
How would a person find out if they qualify for the First Time Home Buyer Tax Credit?
In a span of three years mainly, from 2008 to 2010, a person may qualify for the First Time Home Buyer Credit if they had bought primary residence from that year.
How to check status of first-time home buyer tax credit?
1800 829-1040
I claimed the first time home buyer tax credit what should i expect on this year's taxes?
Its an 8000 dollar tax credit. that's the max you can get. its 10 percent of what you paid. So if your house was 50,000 you get 5,000 in tax credit. So take the amount you paid x .1
Do you have to pay taxes on the 2009 first time home buyer tax credit?
Yes! Real estate taxes are payable to your local tax authority. Whatever you get back on your tax return at the end of the year as "credit" depends on your income level. After a certain income level... there is no "first time home buyer" credit.
How is a Pecuniary Bequest for first time home buyer eligible for the tax credit?
Considered unrelated party.
