Saturday, February 6, 2010

$8000 Tax Credit First-Time Home Buyer


First-Time Home Buyer Tax Credit
(The mini facts)

  1. $8,000 for 1st time home buyers
  2. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
  3. Decide whether to apply the credit to your 2009 tax return, filed on or before April 15, 2010, file an amended 2009 return; or, apply the credit on your 2010 return, filed on or before April 15, 2011.
  4. Attach documentation of purchase to your return.
Buyers purchasing in 2010 will have the option to:
  1. Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009; File an amended return for 2009 if their purchase is completed after April 15, 2010; or,
  2. Claim the credit on their 2010 tax returns.
For more information:
Betty Anne Burns (985) 630-1755

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