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Old 08-28-2008, 03:37 PM
Paultry
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Default Re: Tax credit for first time home buyer

Chris Ruehrwein wrote:
- quote -

> Is there any kind of credit other than deducting your interest, points,
> taxes for a first time home buyer?


The (up to) 20% Mortgage Credit Certificate program is a
good deal for first time home buyers who qualify based on
income and location.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 08-28-2008, 03:22 PM
Paul Thomas, CPA
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Default Re: Tax credit for first time home buyer


"Chris Ruehrwein" <cruehrwe[at]mathworks.com> wrote
- quote -

> Is there any kind of credit other than deducting your
> interest, points, taxes for a first time home buyer?





Not for 2007 tax returns.

To learn about the home buyer tax credit

ONLY FOR HOMES BOUGHT BETWEEN
APRIL 9th, 2008 AND JULY 1st, 2009

go here: http://www.federalhousingtaxcredit.com/




There are restrictions, exceptions, exemptions, and exclusions, including a
payback over 15 years, so pay attention to the details.








"April 9th"? Anyone suspect that some Congresscritters son-in-law bought a
house on the 10th?

--
Paul A. Thomas, CPA
Watkinsville, Georgia

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 08-28-2008, 02:22 PM
Chris Ruehrwein
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Posts: n/a
Default Tax credit for first time home buyer

Is there any kind of credit other than deducting your interest, points,
taxes for a first time home buyer?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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