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Do you have to pay taxes on the 2009 first time home buyer tax credit?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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What is a first time buyer tax credit 2010?
A first time buyer tax credit is a credit you can get if you purchased a house (primary residency) in 2008, 2009 or 2010. It reduces your tax bill (what you pay).
Buyer qualify for 8000 tax credit on a contract for deed?
Yes, according to posts at this website: http://www.cincinnatilivingonline.com/2009/02/2009-first-time-homebuyer-tax-credit-2.html
How much is the tax credit for first time home buyer ?
On the year 2009 a law that offer 8,000 dollars of taxt credit for firt time home buyers was pass, but only if you bougth it in 2009.
What are the fundamental tax tips for individuals for tax year 2009?
Twenty-two deductions and credits are set to expire in 2009, including the first time home buyer's credit on November 30th 2009.
Is it too late to apply for the first time buyer tax credit 2010?
First time buyer tax credits may be available to individuals who purchased a primary residence between 2008 and September 30, 2010. This credit must be claimed on a 2008, 2009, or 2010 tax return or amended tax return.
Do you get money when making the taxes if you bought a house?
A house What about a first main home or primary residence for the (FTHBC) First-Time Home-buyer Credit that is available for this purpose for the individual taxpayer until April 30, 2010For more information on eligibility for the credit, go to www.irs.gov and select Tax Topics 611 and 612 and IR-2009-108.Topic 612 - First-Time Homebuyer Credit -- Purchases Made In 2009 And 2010http://www.irs.gov/pub/irs-pdf/f886hfth.pdfForm 886-H-FTHBC First-Time Homebuyer Credit (Rev. September 2009) Supporting DocumentsWe need to verify information related to the First-Time Homebuyer Credit claimed. We need to verify the details of the purchase and that the property is your primary residence. To allow us to verify the details of the purchase, please provide all of the following:
Can you apply first time home buyer credit to a live aboard yacht?
No. The first time homebuyer credit has to be applied to a single family site built home. You have to present the closing document showing proof home was moved into by November 30, 2009. Hope this helps.
What is the tax credit for a first time home buyer for 2010?
The tax credit for 2009 ends November 30, 2009 - your transaction must close by that date in order to qualify for the credit. Currently, there is no official continuance of the credit. There are rumors that it will be continued into 2010, but no confirmation from the government yet.For more Real Estate info/stats/fun facts, visit my blog at www.wordpress.com/thomsonteam.
What is a first time home buyer tax credit?
If you were a first-time home buyer in 2008, you should know about and begin to plan for a new tax credit that was recently put into place. Some details of the credit include: * The tax credit is applicable to taxpayers who purchased homes after April 8, 2008, and before July 1, 2009. * The First Time Homebuyer tax credit will reduce the taxpayer's tax bill or will increase their refund, dollar for dollar. * The homebuyer tax credit will be paid to eligible taxpayers even if they don't owe any tax or the credit is more than what they owe. * This tax credit works almost like an interest-free loan in that it has to be paid back over a 15-year period. This information was provided by: http://www.efile.com/tax-deduction/mortgage-deduction/first-time-home-buyer-tax-credit.asp
When will i get my first time home buyers credit?
This will tell you what type of credit you're eligible for: http://thedailey.files.wordpress.com/2009/11/2009-homebuyer-tax-credit-changes.pdf and this will tell you how to file for the credit http://thedailey.wordpress.com/2009/10/20/filing-amended-tax-return-for-first-time-homebuyer-credit/.
What are the ratings and certificates for Buyer Beware - 2009?
Buyer Beware - 2009 is rated/received certificates of: Ireland:G
If you are a first time home buyer in 2009 and you get married after you purchase your house will your tax credit be determined based on the married couples salary or based on your individual salary?
depends how you file, you can file a joint return or "married filing separately"
