Asked by Anonymous at 10:00 AM on Mar. 11, 2009 in Home & Garden
Okay, I understand your question now. Did you buy a home in 2008? If so, I believe that they knock off $8000 of your tax liability.
Answer by JeremysMom at 10:02 AM on Mar. 11, 2009
Answer by Anonymous at 10:07 AM on Mar. 11, 2009
Answer by JeremysMom at 10:13 AM on Mar. 11, 2009
Answer by Anonymous at 10:17 AM on Mar. 11, 2009
Actually, the above link is to the OLD housing rebate of 2008. The new one is a tax credit of $8000, and it does NOT have to be repaid unless the home you buy ceases to be your primary residence within 36 months (like if you buy a second home). Check out the IRS website for accurate info:
Answer by StarLee at 11:00 AM on Mar. 11, 2009