$8,000 Housing Tax Credit

- Origin: You can apply for this credit if you bought your home between December 31st 2008 - December 31st 2009. Deadline has been extended into 2010.
- Length of Ownership: The tax credt does not have to be paid back as long as you own the home for at least 36 months. http://www.hrblock.com/taxes/tax_tips/ta...
- Requirements: Must make under $75,000 as an individual or $150,000 as a married couple. http://www.8ktaxcredit.com/
- How to Claim: You apply for this credit when you are filing your income taxes for 2009 or you can amend your 2008 taxes. http://www.federalhousingtaxcredit.com/2...

The $8,000 tax credit is a new incentive for first time home buyers in 2009. If you meet the requirements, you will receive up to $8,000 back when you file your income taxes. This page provides information, news, links and more about the new tax credit.

The $8,000 first time home buyer has been extended into 2010. New home buyers who close on their home before June 30,2010 will also receive the tax credit.http://www.federalhousingtaxcredit.com/faq1.php
Background

The $8,000 tax credit was part of the $787 billion economic stimulus package that was signed by president Barack Obama in 2009. http://www.usatoday.com/money/perfi/columnist/block/2009-02-16-stimulus-home-car-buyers_N.htm

A new tax credit of $6,500 is now available for repeat home buyers. Existing home owners who buy between November 6th 2009 and April 30th 2010 will be eligible for the $6,500 tax credit.http://www.federalhousingtaxcredit.com/faq2.php

$8,000 Housing Tax Credit Links Powered by Google
- Federal Housing Tax Credit for First-Time Home Buyers: FAQ
  
  Answers to questions about the $8,000 federal tax credit for first-time home buyers. Learn more about the American Recovery and Reinvestment Act of 2009.
  federalhousingtaxcredit.com
- First-Time Homebuyer Credit
  
  First-Time Homebuyer Credit
  irs.gov
- $8,000 Tax Credt Facts
  
  $8,000 Housing Tax Credit for first time home buyers with 2009 economic stimulus plan
  8ktaxcredit.com
- Article about 2009 Housing Tax Credit
  money.cnn.com
- The 2009 First-Time Home Buyer Tax Credit: The Basics for REALTORS ...
  realtor.org
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$8,000 Tax Credit News
- Tax credit boosts Columbia home sales
  
  First-time buyers rushed to take advantage of an $8000 tax credit, then set to expire at the end of November, as well as historically low mortgage rates and ... (December 08, 2009)
  The State
- First Time Home Buyer Tax Credit Extension into 2010 Helps Housing Market
  
  The closing on these homes must be done by April 30, 2010 to receive an $8000 tax credit or a $6500 tax credit. There is little argument that the extension ... (December 08, 2009)
  Subprime Blogger
- US home value losses stabilize in 2009: Zillow
  
  Last month the Obama administration extended the $8000 first-time home buyer tax credit, added a $6500 credit for home owners buying a new residence and ... (December 08, 2009)
  Reuters
- Q&A: Know basics of homebuyer tax credit
  
  So, if before taking any credits on a tax return a person has total tax liability of $9500, an $8000 tax credit would wipe out all but $1500 of the tax due. ... (December 06, 2009)
  Clarksville Leaf Chronicle
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Mahalo Answers for $8,000 Housing Tax Credit
- Should Congress extend the 8,000 First-time Home Buyer Tax Credit, Expand the Tax Credit, or Let it Expire? 1 Answer
  
  I'm hoping they extend it. My daughter wants to buy my old house from me, and I'd love to let her buy it with this extra incentive, but she's not in a position ... read more
- Does the US Senate's homebuyer tax credit expansion to non-first-time buyers have to get passed by the House and President? 1 Answer
  
  Hi, mb. The version of the unemployment extension bill that contains the extension of the tax credit for homebuyers had already passed the House (earlier in th... read more
- tax credit for home buyer 1 Answer
  
  There are some new tax credits for first time home owners: "First-time homebuyers are eligible for a maximum credit of $7,500. But there's a catch: The credit i... read more
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$8,000 Tax Credit Blogs
- Joe Botelho.com: $8000 First time home buyer tax credit has not ...
  
  Time is running out! The $8000 first time home buyer credit will expire in less than a month. Ignore the rumors; the credit has NOT been extended. Unless you can convince your federal officials to act, your buyers will lose... (November 02, 2009)
  towniewatch.typepad.com
- First Time Buyer Tax Credit IRS Guidelines Refined For Co-Borrowers
  
  The parent doesn't qualify for any portion of the first time buyer's credit, but if the child hasn't owned a home during the 3 years prior, he or she can be allocated the entire $8000. What have you learned about the tax cr... (December 08, 2009)
  agentgenius.com
- Determine Your Tax Credit Amount: IRS Form 5405 « The Backyard ...
  
  Whether you apply the Extended Home Buyer Tax Credit on your 2009 return as a first-time buyer or as a current home owner, you'll need to visit the IRS Web site and download Form 5405. Be aware that this form will likel... (December 08, 2009)
  backyardwealth.wordpress.com
- Tooele County Real Estate & HomeTown Stuff : $8000 tax credit for ...
  
  tax credit for home buyers extended President's Message Chris Sloan Congress has extended a popular tax credit of up to $8000 for first-time home buyers until mid-2010. Home buyers who were once und... (November 23, 2009)
  tooelehomesforsale.com
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