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+--- Thread: 8 K tax credit is about to expire? (/showthread.php?tid=5807)
8 K tax credit is about to expire? - StillHope - 08-12-2009
I was told I need to hurry up with my project as the first home buyers government program (8 K tax credit) may actually end earlier?
Any information on that? I mean when you need to apply to make the deadline?
I was told by September 1-st.Could be wrong.
Anyone?
RE: 8 K tax credit is about to expire? - PaulW - 08-12-2009
Q. Which home purchases qualify for the first-time homebuyer credit?
A. Any home purchased as the taxpayer’s principal residence and located in the United States qualifies. You must buy the home after April 8, 2008, and before Dec. 1, 2009, to qualify for the credit. For a home that you construct, the purchase date is considered to be the first date you occupy the home.
http://www.irs.gov/newsroom/article/0,,id=206291,00.html
RE: 8 K tax credit is about to expire? - StillHope - 08-12-2009
Thank you,Paul.
I new about the official date and the certificate of occupancy to qualify.But for some reason a friend of mine who recently bought a house in CA was told to hurry up with application before September 1-st.
Strange..
RE: 8 K tax credit is about to expire? - PaulW - 08-12-2009
September 1st is 18 days away. I'm no law or real estate expert, but the chance of that being changed with such short notice is, in my opinion, nil. Don't believe everything you hear.
RE: 8 K tax credit is about to expire? - John S. Rabi - 08-12-2009
No change in the date, and I agree, don't listen to rumors!
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
RE: 8 K tax credit is about to expire? - Bob Orts - 08-12-2009
California has some State incentives that are ending or being cut back, but that has no bearing on the federal programs or Hawaii. Your friends are probably mingling local cutback talk into one whole cutback of everything rumor; Or, just repeating what they heard as a rumor without doing basic research before passing it along.
RE: 8 K tax credit is about to expire? - StillHope - 08-12-2009
Thank you,everyone .
I am glad it's just a rumor.