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Any first home buyers use the 8,000 stimulus plan and how does it work? Does it automatically go towards a down payment on a home?

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Anonymous

Asked by Anonymous at 11:29 AM on Aug. 31, 2009 in Money & Work

Answers (1)
  • We didn't use it, we already have a home. But my understanding is that it's used as a tax deduction, not towards a down payment. So you would get that money back when you get your tax refund, if you get one - or it's that much less you would have to pay, if you pay.
    missanc

    Answer by missanc at 1:16 PM on Aug. 31, 2009

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