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Is there still a tax credit available to first time home buyers?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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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.
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 the deadline to apply for 8000 tax credit for first time home buyers credit?
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.
What does it mean when a credit inquiry says open?
It means that the credit line described is still open and available for use.
Do i still qualify for first time home buyers taxes?
You are the only one that has all of the information that would be needed for you to determine if you meet the FTHBC rules.Go to the IRS gov web site and use the search box for First-Time Homebuyer CreditTaxpayers who have a binding contract to purchase a home before May 1, 2010, are eligible for the credit. Buyers must close on the home before July 1, 2010.General InformationHomebuyers who purchased a home in 2008, 2009 or 2010 may be able to take advantage of the first-time homebuyer credit. The credit: Applies only to homes used as a taxpayer's principal residence.Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.Questions and AnswersMore information is available in the question and answer section. You can clck on the below related link
Does bankruptcy eradicate credit card debt?
NO... the debt remains on file with the creditor. If you apply for credit at a later date (after the bankruptcy has been resolved) - your history will still be available to anyone who does a credit search on your name. Creditors can still come after you for their money if you re-start a credit account.
Is line of credit available for minors?
No minors are not able to get credit for a number of reasons. One work experience, Two,still in school,and they need to build a work history. The parents are still responsible for them till there of legal age.
Can you qualify for a Halifax credit card if you live in the United States?
Halifax credit cards are available in the UK. If you are temporarily living in the United States or still have a residence in the UK, you should still be able to apply for a Halifax card.
Where can someone with poor credit finance a car?
There are companies available who will deal with customers who have a poor credit rating. These companies are usually available online but be warned they tend to have a higher interest rate and many people still use then because they find it difficult to get credit elsewhere because of their history.
How do you get a credit card with no credit history?
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Are you liable for credit card debt if the credit card company has your Social Security number wrong?
If you held the account in name either solely or jointly and used the credit available you are still responsible for the debt, the error of the SSN is irrelevant.
