The $8000.00 first time home buyer tax credit will end December 1st that means if you qualify for the credit you must close escrow by November 30 (about 2 1/2 months from today).
Time is running out and the interest rates are low and home prices are down. Wherever you are, if you can take advantage of it, it is time buy your own place. Ask you accountant about any other tax credits that go along with being a homeowner.
Will this tax credit be extended? There is some talk about it, but don't get caught short in case it isn't
This week the IRS announced that 1.4 million families had taken advantage of the first-time home buyer credit. They issued some last minute guidelines and even a video to help homebuyers understand the credit and how to claim it. I wrote about it and included the IRS video this week in a post at
http://realestateconsumernews.com/home-buyers/first-time-homebuyer-credit-provides-tax-benefits-to-1-4-million-familes-to-date-according-to-the-irs/
Posted by: Dennis Norman | September 20, 2009 at 01:44 PM