There are some restrictions. Examples: Dependents aren't allowed to claim credit, NO credit if home is price is above $800,000, and you must be at least 18.
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.
Individuals who are a first-time home buyer that haven't owned a home for at least three years before the date that they settled in their new home.Basically,if you purchased a home in 2008,2009,or 2010 and it is your primary home,you may qualify
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.
If it is your main home primary residence and you meet all of the rules that have to be met for this purpose.You must have bought --- or entered into a binding contract to buy --- a principal residence on or before April 30, 2010.If you entered into a binding contract by April 30, 2010, you must close (go to settlement) on the home on or before June 30, 2010.Go to the IRS.gov website and use the search box for First-Time Homebuyer Credit
Purchasers of mobile homes who are unable to get a settlement statement should include a copy of the executed retail sales contract showing all parties' names, property address, purchase price and date of purchase.You also have to meet all of the other rules to be a qualifying first time homebuyer to qualify for the FTHBC.You must have bought --- or entered into a binding contract to buy --- a principal residence on or before April 30, 2010.If you entered into a binding contract by April 30, 2010, you must close (go to settlement) on the home on or before June 30, 2010.Go to the IRS.gov website and use the search box for First-Time Homebuyer 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.
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).
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.
Yes, the first time home buyer's credit is still available, and will be so until April 2010 (http://www.federalhousingtaxcredit.com/).
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.
Yes. There is a first-time home buyer credit of up to $8000 until 4/30/2010.
You must be the purchaser of a new home, condo, single family or mobile home. You must also purchase or be in escrow closing by the dead line of April 30th 2010.
Individuals who are a first-time home buyer that haven't owned a home for at least three years before the date that they settled in their new home.Basically,if you purchased a home in 2008,2009,or 2010 and it is your primary home,you may qualify
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.
To qualify for the credit you have to purchase your home between January 1, 2009 and April 30th, 2010. You can still qualify for the credit if you purchase your home after April 30th but before June 30th, 2010 as long as you have a legal contract binding you to the sale before April 30th, 2010.
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.
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.