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Yes, the credit is fully refundable.

You will have to file a tax return to claim it, however.

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16y ago

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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.


first time home buyers grants?

How do I qualify for a first time home buyers grants


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.


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Yes, there is an $8,000 tax credit for first time home owners, provided the qualify. This would be found out as they go through the loan process.


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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.


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First time buyers get tax benefits and begin to build a credit.


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.


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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?


Can you get 8000 refund if you own a duplex?

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