Hi everyone, my husband and I just purchased our first home,(we paid 50,000 but its worth a bit more) yay us! My question is about the 8,000 first time home buyer tax credit. I have googled it and asked people, but I come up with different answers each time. I know you get 8,000 or 10% of the home value (or purchase price?) but some people/sites say your suppose to get the money NOW but I believe it was when you do your taxes, you check that you bought a new home and it will give you the credit like as in the child credit and new car credit and things like that. Whats the real deal? thanks.
Answer by elleinad at 5:48 PM on Dec. 23, 2009
Answer by Bran6903 at 5:57 PM on Dec. 23, 2009
Answer by elleinad at 6:07 PM on Dec. 23, 2009
Answer by rkoloms at 7:34 AM on Dec. 24, 2009
Answer by Anonymous at 1:24 PM on Dec. 24, 2009