0
If you file a complete and accurate paper tax return and mailed it to the correct mailing address, and the IRS accepts your income tax return as you filed it then your refund will usually be issued within six weeks from the date it is received and accepted by the IRS. And of course as you are aware you also had to attach to your 1040 income tax return all of the necessary forms and documentation that was required for the IRS to use to determine if you are a qualified taxpayer for the FTHBTC.
The IRS will not send you refund until they have verified the information and documents that you sent with your income tax return and if they need more information they will be in touch with you before they complete processing your 1040 income tax return they will be contacting you are requesting more information.
The fastest and easiest way to find out about your current year refund is to go to the IRS gov web site and click and on left side of the page under Online Services choose the Check on Your Refund or on the right side of the page under Filing and Payments choose "Where's My Refund?" link at the IRS gov website home page. To check the status online you will need your Social Security number, filing status and the exact whole dollar amount of your refund shown on your return.
You can check the status of your refund by calling the IRS Refund Hotline at 800-829-1954.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
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.
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.
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.
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
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.
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.
You are a retiree and dont file taxes do you qualify for first time home buyers tax credit?
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
Is home equity tax-deductible?
The equity in your home is not a tax deduction. The interest paid to banks for a home equity line of credit or loan may be tax deductible.
What does line 369 of the first time home buyer's tax credit stipulate is the maximum amount one can claim?
Line 369 of the Home Buyerå«s Tax Credit stiputlates that first time home buyers can claim a maximum credit amount of $750. Only one partner can claim $750 on his/her tax return.
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
